Ralph Nader's book Unsafe at Any Speed caused Congress to require
a. safety glass in all new cars.
b. seat belts in all new cars.
c. air bags in all new cars.
d. stricter drunk driving laws in all states.
b
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Explain how the existence of unemployment compensation may actually result in a higher unemployment rate than would otherwise occur if there where no such compensation in the first place
What will be an ideal response?
In addition to promoting innovation, what is another benefit of government investments in R&D?
a. Creating new industries and jobs b. Reducing tax rates for private firms c. Establishing sources of public goods d. Reducing the number of free riders
Why do nations often impose trade barriers that make it difficult for their own citizens to trade with people in another country?
A) Trade restrictions improve the efficiency of resource use. B) Trade restrictions are a good way for a country to increase the income levels of its citizens. C) Trade restrictions provide gains to domestic residents at the expense of foreigners. D) Trade restrictions often provide benefits to highly visible special interest groups while imposing a less visible cost on the general populace.
An increase in wages will shift the supply curve up and to the left.
Answer the following statement true (T) or false (F)