Following a tax cut by government, domestic investment will ________ and net exports will ________
A) increase; decrease B) decrease; decrease C) increase; increase D) decrease; increase
B
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Which of the following statements is true of economic growth?
A) Countries with inclusive institutions are likely to grow faster than countries with extractive institutions. B) In comparison to countries with extractive institutions, economic growth in countries with inclusive institutions is more likely to stagnate in the long run. C) Countries with extractive institutions are likely to grow faster than countries with inclusive institutions. D) Countries with extractive institutions are likely to grow at the same rate as countries with inclusive institution.
A tariff imposed on foreign imports will cause _____
a. demand for imports to increase b. domestic prices of imported goods to rise c. market supply of importable goods to increase d. domestic prices of imported goods to fall e. market supply of domestic goods to decline
How does a free-market system address the output selection task?
What will be an ideal response?
The real purchasing power of the average worker's yearly earnings in the United States in 2016 was ________ as in 1960.
A. twice as large B. about the same C. five times as large D. about half as much