Exports minus imports equal ______________.
Fill in the blank(s) with the appropriate word(s).
net exports
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Workers in industries protected by tariffs and quotas are likely to support these trade restrictions because
A) they do not want to offend their employers who want them. B) they believe the restrictions will protect their jobs. C) politicians lobby to convince workers the restrictions will make them better off. D) they don't understand that the restrictions will threaten their jobs.
When a price ceiling which had been set below equilibrium price is removed, what happens next?
A. quantity supplied rises. B. quantity demanded falls. C. price rises. D. all of the choices.
Which of the following explains why the marginal cost curve has a U shape?
A) Initially, the marginal product of labor falls, then rises. B) Initially, the average product of labor rises, then falls. C) Initially, the marginal product of labor rises, then falls. D) Initially, the average cost of production rises, then falls.
One way to market a proposal for a new business venture, especially when architectural changes are ruled out and the opposition seems strong is to:
A. pretend that architectural changes will be made. B. withdraw the proposal. C. emphasize the level of crisis that exists inside the firm. D. replace the Board of Directors.