Adam Smith

a. and David Ricardo both opposed free trade
b. opposed free trade, but David Ricardo supported it
c. supported free trade, but David Ricardo opposed it
d. and David Ricardo both supported free trade


Ans: d. and David Ricardo both supported free trade

Economics

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If an economy is experiencing both full employment and price stability, within the Keynesian model, a major tax reduction probably would cause

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According to Robert Solow, the production function should be written as:

A. Y = F(K, L). B. Y = F(K, L, A). C. Y = F(K, A). D. Y = F(A, L).

Economics

In the presence of negative externalities, ________ is produced and in the presence of positive externalities, ________ is produced.

A. too much of the good; the right amount of the good B. the right amount of the good; too little of the good C. too little of the good; too much of the good D. too much of the good; too little of the good

Economics