Which of the following generates productive efficiency?
A) government inspectors B) government production rules and regulations
C) competition among sellers D) competition among buyers
C
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Which of the following would cause a fall in the price of video tape rentals?
a. A new nationwide video rental chain opens. b. Movie theaters raise their prices. c. The royalties paid to movie actors increase. d. The price of video cassette recorders (VCRs) falls.
Non-activists believe that postwar instability is primarily the result of
A) erratic growth of private investment. B) uneven changes in real government expenditures. C) uneven changes in private consumption of durables. D) A and C are both correct.
The decline in big craft and industrial unions in the 1970s and 1980s has been partially offset by the rapid unionization of ____________.
Fill in the blank(s) with the appropriate word(s).
In the graph shown, what could balance the trade deficit (reduce domestic consumption)?
A. A hurricane that damages domestic manufacturing plants B. Expansionary fiscal policy C. Lower domestic wages D. Contractionary monetary policy