Which statement is true?
A. Frederic Bastiat's "Petition of the Candlemakers to Shut Out the Sun" was a plea for free trade.
B. Frederic Bastiat's "Petition of the Candlemakers to Shut Out the Sun" was a plea for protection.
C. Dollars are used for all international transactions.
D. None of these statements are true.
A. Frederic Bastiat's "Petition of the Candlemakers to Shut Out the Sun" was a plea for free trade.
You might also like to view...
Why is the long-run aggregate supply curve a vertical line?
A) At that level of real GDP, the production costs are at their lowest level. B) At that level of real GDP, production costs have fully adjusted to price changes. C) At that level of real GDP, the unemployment rate is 0 percent. D) At that level of real GDP, the inflation rate is 0 percent.
Long Beach Island, off the coast of New Jersey, is considering building a sand barrier to protect the houses on the island from future hurricanes. For residents of Long Beach Island, this barrier system would be a
A) private good. B) natural monopoly. C) common resource. D) public good.
Suppose Alice is deciding whether or not to go to a New York Giants game. Alice's enjoyment and thus decision, depends upon two uncertain events that are out of her control: whether the Giants win and whether it snows. She will be happiest if the Giants win and it does not snow. The newspaper reports a 35% chance for snow and the Giants record suggests a 40% chance of winning. The probability that the Giants win and that it does not snow is:
A. 75%. B. 5%. C. 26%. D. 35%.
If the price of marketable permits is kept very high, _____
a. the quantity of pollution in the economy will increase b. a network externality will arise c. firms will adopt more efficient pollution abatement equipment d. environmental groups will start selling additional permits in the market e. firms will have a greater incentive to pollute