A government-inhibited good is one that
A) the political process has determined is socially undesirable.
B) the political process has determined is socially desirable.
C) freely competitive markets have determined is socially desirable.
D) we want to encourage the consumption of.
Answer: A
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Tariffs to limit imports to "protect U.S. jobs" will also
A) stimulate exports. B) limit exports. C) decrease import prices. D) reduce domestic production of import-threatened products.
Technology spillovers are examples of negative externalities
a. True b. False Indicate whether the statement is true or false
The rapid accumulation of capital and worker skills in the United States in the 1800s
A. resulted in an increase in the export of natural resources by the country. B. resulted in rapid deindustrialization in the country. C. made the United States more dependent on imported minerals. D. made the United States more self-sufficient and led to a reduction in its trade volume.
Savers and investors interact through intermediaries in financial capital markets.
Answer the following statement true (T) or false (F)