In 2006, the European Union imposed antidumping duties of 10% to 16.5% on products imported from China. What were those products?

a. wooden pencils
b. shirts
c. shoes
d. coated paper


Ans: c. shoes

Economics

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Which of the following can result in a market producing an inefficient quantity of a good? i. competition ii. an external cost or an external benefit iii. a tax

A) i only B) iii only C) ii only D) ii and iii E) i and iii

Economics

In the late 1970s, ________ of all firms were less than a year old. In recent years, ________ were

A) about 40 percent; about 20 percent B) almost half; less than one-quarter C) less than 5 percent; more than 40 percent D) more than 15 percent; only about 8 percent

Economics

What is the key macroeconomic issue of the short run and what is the key macroeconomic issue of the long run?

What will be an ideal response?

Economics

In general, GDP per capita is not highly correlated with alternative measures of quality of life

a. True b. False Indicate whether the statement is true or false

Economics