Between 1955 and 2006, the federal government purchases of goods and services as a percentage of GDP has:
a. generally trended downward
b. Not changed.
c. Grown by about 10%.
d. Tripled.
a. generally trended downward.
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When a government fines and/or imprisons convicted drug dealers, it is attempting to reduce the illegal drug trade by shifting the ________ curve for illegal drugs ________
A) demand; rightward B) demand; leftward C) supply; rightward D) supply; leftward
The Amsterdam flower market is
a. an example of an open outcry auction market b. an example of a Dutch auction market c. a commodity market in which bidding opens at a low price and then moves upward d. the world's best example of a perfectly competitive market e. a monopoly market
In the graph shown, what change would increase production efficiency?
A. Moving from C to D B. Moving from D to B C. Moving from A to D D. Moving from A to B
A labor market application of the legal cartel theory of regulation would be:
A. Unemployment benefits B. The Full Employment Act C. Equal Employment Opportunities provisions D. Occupational licensing