Most t-shirts bought by Americans are made in Asia. As a result of free trade, the production of t-shirts in America
A) has increased.
B) has stayed the same.
C) has decreased.
D) has been taken over by the government.
E) might change, but more information about what else the United States imports is needed to determine if U.S. production increased, decreased, or did not change.
C
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Use the above figure. Refer to the above diagram where curves (a) through (d) are for four different countries. Income is most unequally distributed in
A) Country A. B) Country B. C) Country C. D) Country D.
Refer to the above figure. Suppose that the economy starts at AD1. If the government reduces taxes, then the economy goes to AD2, but then falls back to AD3. This is an example of
A. partial crowding-out effect. B. Ricardian equivalence. C. complete crowding-out effect. D. laissez-faire.
Approximately what percentage of the World Bank's loans go to developing nations in the East Asia/Pacific and South Asia regions combined?
A. 35% B. 5% C. 100% D. 70%
Why might a lottery winner decide to take a large lump sum payment rather than receive installments of their winnings over time? How does the concept of present value influence this decision?
What will be an ideal response?