Automobiles create externalities when they create congestion and waste the time of others.
Answer the following statement true (T) or false (F)
True
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Bonds are a __________ liquid asset than other loans because they _____________.
A. more; are standardized B. more; are guaranteed from default by the government C. less; are standardized D. less; are guaranteed from default by the government
In order to be classified as unemployed, a person must be not working,
A) have been actively looking for work within the past four weeks, and currently be available for work. B) and currently be available for work, regardless of whether one is actively looking for work or not. C) and be waiting to be called back to work from a temporary layoff. D) and actively looking for work within the past year. E) ?a or c
In 1996, the Personal Responsibility Act:
A. increased the federal minimum wage. B. established the earned income tax credit (or EITC). C. placed a five-year lifetime limit on welfare payments to any given recipient. D. transferred responsibility for welfare programs from the state to the federal level.
For infant industry tariff protection to be valid requires that
A) the tariff must be allowed to last forever. B) only industries that currently are producing efficiently should be protected. C) government officials must predict which industries will eventually be able to compete with more established foreign producers. D) the industries protected must have substantial monopoly power in the absence of foreign competition.