Price controls use the power of ______ to influence prices.
a. labor unions
b. producers
c. consumers
d. government
d. government
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Compared to an open economy without a tariff, the amount of imported sugar will drop from ________ tons to ________ tons after the tariff is imposed. 
A. 80; 40 B. 60; 30 C. 40; 20 D. 20; 10
Pick the true statement, regarding the notion of competition as a process versus the model of perfect competition
A) The process notion allows for full and complete information; perfect competition doesn't. B) The process notion allows for price taking activity; perfect competition doesn't. C) The process notion allows for identical products; perfect competition doesn't. D) The process notion allows for a small number of participants; perfect competition doesn't. E) All of the above are true.
Which of the following is an example of physical capital?
a. the available knowledge on how to make semiconductors b. a taxi-cab driver's knowledge of the fastest routes to take c. bulldozers, backhoes and other construction equipment d. All of the above are correct.
The poverty rate has hovered between ________ since the middle 1960s.
A. 16-20% B. 20-25% C. 5-10% D. 11-15%