Which of the following is an example of trade policy at the national level?
a. Congress passing legislation to prevent dumping.
b. The European Union adopting a common currency
c. The World Trade Organization holding a round of negotiations in France.
d. The General Agreement on Tariffs and Trade being made.
a. Congress passing legislation to prevent dumping.
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In the United States, the number of hours worked per person has decreased since 1800. How would growth rates since 1800 be different if they were calculated for real GDP per capita instead of GDP per hour worked?
What will be an ideal response?
In the long run, most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending
A) complete B) partial C) no D) more than complete
What are the two characteristics that distinguish public goods from private goods?
A. Nonrivalry and nonexcludability. B. Liability rules and lawsuits. C. The Coase theorem and efficiency. D. Positive and negative externalities.
The Endangered Species Act was originally passed in
A. the 1980s. B. the 1990s. C. the 1930s. D. the 1970s.