"Duty-free" shops in airports and on international boats sell merchandise that can be brought into the country without which of the following?
(A) Restrictions on resale
(B) Political embargoes
(C) Import tariffs
(D) Restrictions on quantity
Ans: (C) Import tariffs
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Insufficient _____ can make regulation counterproductive
a. information b. funding c. monitoring d. time
According to economist John Maynard Keynes, a great economist must also be a(n)
a. mathematician. b. historian. c. philosopher. d. All of the above are correct.
When an employer that controls the demand for labor opposes a union that controls the supply of labor, it is called a ________________.
Fill in the blank(s) with the appropriate word(s).
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher