Government involvement in a market may generate more inefficiency than it cures.
Answer the following statement true (T) or false (F)
True
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One of the most important changes in the composition of the labor force in the United States has been
A. the major increase in the number of women who work outside the home. B. the drop in the number of men who only work part-time. C. the steady decline in the number of women who work. D. the increase in the ratio of male workers to female workers. E. the major increase in the number of men who work away from the home or farm.
Brazil's 1999 crisis was relatively short lived because
A) Brazil's financial institutions had avoided borrowing all together. B) Brazil's financial institutions had avoided heavy borrowing in local currency. C) Brazil's financial institutions had avoided heavy borrowing in dollars. D) Brazil's financial institutions had extended low-interest loans. E) Brazil's financial institutions had extended high-interest loans.
Adam Smith
A. argued that capitalism is often confused with democracy. B. wrote Das Kapital. C. said that the entrepreneur is motivated by self-interest. D. coined the phrase: "From each according to his ability, to each according to his needs."
Which of the following is not a reason to restrict trade?
A. Concerns about dumping. B. Concern about high prices for consumers. C. Protection of infant industries. D. Preservation of national security.