A worldwide slowdown in productivity growth occurred:
A. in the 1970s and 1980s.
B. in the 1950s and 1960s.
C. before 1950.
D. in the 1960s and 1970s.
Answer: A
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Horizontal contracts generally run ______the goals of the customers
a. Indifferent to b. In line with c. Contrary to d. None of the above
According to the graph shown, if the economy is operating under free trade, who would be in favor of a tariff?
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. Domestic producers
B. Domestic consumers
C. Foreign producers
D. Foreign governments.
The longer the time period considered, the more the elasticity of supply tends to _______.
a. decrease b. remain constant c. increase d. converge to zero
An increase in the number of college scholarships issued by private foundations would
a. increase the supply of education. b. decrease the supply of education. c. increase the demand for education. d. decrease the demand for education.