Why do free trade proponents applaud successful trade deflection?
A) It circumvents trade restrictions within regional trade blocs.
B) It increases trade restrictions within regional trade blocs.
C) It promotes more rules of origin laws.
D) It decreases incentives for trade diversion.
Answer: A
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Greenwood and Yorukoglu view the post-1973 productivity slowdown as resulting from
A) the information technology revolution. B) high oil prices. C) measurement errors. D) technological depletion.
How does the aggregate supply curve differ from a supply curve for, say, bananas?
What will be an ideal response?
The amount of additional earnings that must be paid explicitly in taxes or implicitly in the form of a reduction in income supplements is known as the
a. marginal income tax rate. b. implicit marginal tax rate. c. explicit benefit-reduction rate. d. supplemental income tax rate.
In 2011, the top 50 percent of income earners in the U.S. paid about __________ percent of the total federal income taxes
A) 57.1 B) 67.1 C) 77.1 D) 87.1 E) 97.1