If we eliminated our textile tariffs, the dislocated workers could easily switch to other jobs
Indicate whether the statement is true or false
FALSE
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According to Gordon, the main losers due to the redistributive effect of the postwar inflation in the United States were
A) households. B) corporations. C) government. D) foreigners.
If technological advancements reduce the cost of pollution abatement, all else equal:
A. the price of a pollution permit will fall. B. the price of a pollution permit will increase. C. the government will be forced to issue more permits. D. the government will be forced to issue fewer permits.
Opportunity cost is defined as
A. the value of the next-best alternative that must be sacrificed to attain a want. B. the return from a given unit of labor. C. the least-costly means to produce output. D. the value of the output currently received by an individual or a corporation.
Over which component of investment do firms have the least amount of control?
A. purchases of new equipment B. changes in inventories C. building new machines D. construction of new factories