Human capital can be produced through on-the-job training.
Answer the following statement true (T) or false (F)
True
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Which of the following is true?
a. The Great Depression re-enforces the view that raising taxes in the midst of a severe recession is a bad idea. b. The Great Depression clearly indicates that a prolonged period of monetary contraction will keep inflation low and promote monetary stability. c. The Great Depression illustrates that trade restrictions will protect domestic industry and save jobs. d. The Great Depression demonstrates that the political incentive structure during a severe downturn will encourage politicians to avoid frequent policy changes.
Figure 17-13
In , if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, which area represents the United States' net loss as a result of the tariff?
a.
a + b + c + e
b.
b + c + e
c.
b + c
d.
c + e
e.
b + f
Under monopolistic competition, entry to the industry is
A. blocked. B. completely free of barriers. C. more difficult than under pure competition but not nearly as difficult as under pure monopoly. D. more difficult than under pure monopoly.
"Thrifts" refer to the following institutions, except:
A. Commercial banks B. Credit unions C. Mutual savings banks D. Savings and loan associations