Where was the largest market for the huge increase in U.S. manufacturing output in 1860–1910 located?
(a) In Europe
(b) In Asia
(c) Within the U.S.
(d) In the Third World
(a)
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If good A is a normal good and income increases, the equilibrium price of A ________ and the equilibrium quantity of A ________
A) rises; increases B) rises; decreases C) falls; decreases D) falls; increases
One benefit of a negative income tax is that it would increase work incentives.
Answer the following statement true (T) or false (F)
Congressperson A: "If you approve that new water treatment plant in my district, I'll vote to keep the Air Force base open in your district." Congressperson B: "It's a deal." This is an example of
A) logrolling. B) lobbying. C) median voting. D) logtumbling.
Japan, Singapore, and Taiwan have all:
A. imitated South Korea's export-led growth policy and failed. B. had success with import substitution policy. C. had success with export-led growth policy. D. imitated South Korea's import substitution policy and failed.