Which of the following is NOT an example of positive supply-side policy?
A. Higher marginal tax rates.
B. Trade liberalization.
C. Improving infrastructure.
D. Eliminating excessive government regulation.
Answer: A
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The purchase of an airplane produced in the United States by the government of Thailand is included in
A) U.S. imports. B) U.S. government purchases. C) U.S. exports. D) Thailand government exports.
The goal of the perfectly competitive firm is to
A) maximize total revenue. B) maximize total profits. C) minimize AFC. D) minimize ATC.
The only mineral that was available in any significant quantity in colonial America was:
a. Gold. b. Silver. c. Iron. d. Coal.
Which of the following is not held constant as you move along the demand curve?
A. The price of that good B. The incomes of consumers C. The price of other goods D. The preferences of consumers for the good