A lower tariff on imported steel would most likely benefit
A) foreign producers at the expense of domestic consumers.
B) domestic manufacturers of steel.
C) domestic consumers of steel.
D) workers in the steel industry.
E) foreign consumers of steel.
C
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If consumption of education creates a positive externality, then in order to increase efficiency relative to the outcome determined by private decisions,
a. more education must be produced b. the same amount of education must be produced, and the price should be lower c. less education must be produced, and the price should be higher d. less education must be produced, and the price should be lower e. less education must be produced at the same price
Commercial banks that are members of the Federal Reserve System actually choose some of the directors of the 12 Federal Reserve District banks
a. True b. False
In 2014, the poverty rate among children under age 18 was approximately
A. 45 percent. B. 29 percent. C. 36 percent. D. 21 percent.
If, as a result of imperfect information, firms set their wage rates above the market clearing wage rate
A. there will be a shortage of workers. B. unemployment decreases. C. there will be equilibrium in the labor market. D. there will be a surplus of workers.