The productivity slowdown experience in the United States from the mid-1970s to the mid-1990s occurred in all high-income countries
Indicate whether the statement is true or false
TRUE
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One reason why producers have an incentive to organize in favor of protection is because
A) producer gains are spread across so many firms that no one gets a large share of the benefits. B) producer gains are relatively concentrated. C) there is no real cost to the economy. D) producer gains outweigh consumer losses. E) it is a cheap way to keep their employees happy.
The term to describe one currency in terms of another is called
a. The interest rates b. The market price c. The inflation rate d. The exchange rate
When government regulations force a natural monopoly to produce where price equals average total cost, social welfare is
a. maximized b. less than it would be without regulation c. greater than it would be without regulation, but it is not maximized d. exactly the same as it would be without regulation e. minimized
In order to determine if a hypothesis is valid we must utilize a. qualitative analysis. b. empirical analysis
c. marginal analysis. d. average analysis.