The decline in the price of American goods is due in part to:
A. trade barriers that allow domestic firms to lower prices.
B. declines in productivity.
C. globalization and increased trade.
D. agglomeration effects of firms.
Answer: C
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A commodity or service whose consumption by one person does not preclude others from also consuming it is called a
A) private good. B) public good. C) Giffen Good. D) Coase Good.
When an economy experiences deflation, investment will:
A. decrease, because businesses will not take out loans that will increase in value over time. B. increase, because businesses will take out loans that will increase in value. C. decrease, because businesses will spend cash instead of borrowing it. D. increase, because businesses will spend cash instead of borrowing it.
Which country was among the lowest ranking by the World Bank for effective protection of property rights and rule-based governance?
a. North Korea b. Cuba c. Afghanistan d. Iraq
Based on the graph showing the type of health insurance and coverage status in the United States in 2016, about ______ percent of people have no coverage at all.
a. 9
b. 25
c. 48
d. 75