A tariff is the same as a quota
Indicate whether the statement is true or false
FALSE
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Increases in real GDP would overstate the increase in the well-being of a country over time if, over that time period, the
A) price level increased. B) amount of pollution decreased. C) crime rate decreased. D) average hours worked per week increased.
If Happy Cows, a dairy firm, merges with Best Cartons, a manufacturer of dairy cartons, the merger can alter the relationship between Happy Cows and Best Cartons from a(n) ________ to a(n) ________.
A) managerial relationship; partnership B) adversarial relationship; partnership C) partnership; adversarial relationship D) partnership; managerial relationship
Governments often use 2 other methods of intervention in the markets for farm products including:
What will be an ideal response?
The multiplier is the ratio of the
A. change in the equilibrium level of real GDP to the change in autonomous expenditures. B. change in autonomous expenditures to the change in the equilibrium level of real GDP. C. change in induced expenditures to the change in autonomous expenditures. D. equilibrium level of real GDP to the change in induced expenditures.