One danger associated with calls for fairness based on reciprocity is that, calls for fair trade may be invoked in cases where, foreign restrictions on U.S. imports do not actually exist
a. True
b. False
Indicate whether the statement is true or false
True
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In an idealized laissez-faire world, the distribution of products is
a. the most efficient. b. the most fair. c. purely random. d. unpredictable.
Health and safety regulations in the labor market:
A. should be evaluated by comparing their costs to their benefits. B. are always efficient because they improve working conditions. C. can lead to an increase in frictional unemployment. D. are necessarily inefficient if they impose additional costs on employers.
Which of the following is the kind of decision that can be made at the margin:
a) whether or not to hire new workers b) whether or not to go on a vacation c) whether or not to build an extra room on a home d) whether to have a dog or a cat as a pet
The largest portion of federal government revenues comes from
A. social insurance payroll taxes. B. corporate income taxes. C. the individual income tax. D. excise taxes.