Export subsidies are:
A. maximum limits on the quantity or total value of specific products imported to a nation.
B. excise taxes or duties placed on imported products.
C. licensing requirements, unreasonable quality standards, and the like designed to impede
imports.
D. government payments to domestic producers to enable them to charge lower prices and
sell more goods in world markets.
D. government payments to domestic producers to enable them to charge lower prices and
sell more goods in world markets.
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An increase in the U.S. price level, other things constant, will
What will be an ideal response?
In a capitalist system, the decisions and actions of millions of consumers and firms are highly coordinated by:
A. The state and government B. Markets and prices C. A central planning agency D. An international organization
One reason that labor productivity has increased is because of embodied technical change.
Answer the following statement true (T) or false (F)
Janae was fired from her job with Microsoft in the 2008-09 recession because Microsoft's sales dipped. Janae's unemployment would be best classified as
A) natural unemployment. B) cyclical unemployment. C) structural unemployment. D) sales-related unemployment. E) frictional unemployment.