During the English civil war in the 1640s, the _____ made great inroads into the carrying trade
a. Italians
b. Dutch
c. Spanish
d. French
b. Dutch
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Which of the following is true?
A) The income per worker of a country is higher than its income per capita. B) The income per worker of a country increases when the amount of capital available in the country diminishes. C) The income per worker of a country is lower than its income per capita. D) The income per capita of a country increases when there is an increase in the number of workers.
According to public choice theory, tariffs, quotas, and other trade restrictions are primarily the result of the
a. political clout of foreigners. b. political clout of domestic consumers. c. political power of special interest groups. d. political desire for economic efficiency.
Suppose that money supply growth increases. In the long run, this increases employment according to
a. both the long-run Phillips curve and the aggregate demand and aggregate supply model. b. neither the long-run Phillips curve nor the aggregate demand and aggregate supply model. c. the long-run Phillips curve, but not the aggregate demand and aggregate supply model. d. the aggregate demand and aggregate supply model, but not the long-run Phillips curve
Diminishing returns set in with the _____ worker.
