A decline in housing prices can help to push the economy into a recessionary gap
Indicate whether the statement is true or false
True
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Refer to the figure above. Domestic consumers of this product in A would most prefer
A) a customs union with C. B) a customs union with B. C) a free trade agreement with C. D) no agreement with either country.
The labor force includes discouraged workers
Indicate whether the statement is true or false
Assume the production of a good gives rise to external benefits. The government may increase efficiency by
A. requiring all producers of the good to be licensed. B. subsidizing consumption of the good. C. imposing taxes on the good. D. taxing production of the good.
Which one of the following industries is best classified as an oligopoly?
A) textbook publishers B) retailing C) wheat farms in the United States D) fast food restaurants