How does the federal government influence the flow of goods and services into the country and, consequently, create extra profitability or rents in domestic production that would not have been there under free market conditions?
(a) tariffs
(b) minimum wage laws
(c) control of the public domain
(d) federal income taxes
(a)
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Which of the following are risks for multinational corporations but not risks for domestic corporations?
A) changes in government rules and regulations B) capital controls C) changes in tax laws D) government red tape and corruption
An exchange rate is the number of units of:
a. a nation's money that is equal to one unit of another nation's money. b. a nation's output that is equal to one unit of another nation's output. c. gold backing a nation's money. d. none of these.
_____ occurs when mothers are trying to re-enter the workforce after a long break for child birth
a. Frictional unemployment b. Structural unemployment c. Seasonal unemployment d. Cyclical unemployment
Which of the following would NOT be included in this year's GDP?