Suppose a U.S. government program subsidizes the production of domestic sugar producers and places a tariff (tax) on the importation of sugar from other countries. This program
What will be an ideal response?
Suppose a U.S. government program subsidizes the production of domestic sugar producers and places a tariff (tax) on the importation of sugar from other countries. This program
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In the specific factors model, which of the following is treated as a specific factor?
A) land B) labor C) cloth D) food E) technology
How should per capita real Gross Domestic Product (GDP) be used?
A) It is an accurate measure of economic well-being. B) It is a reasonably good measure of productive activity. C) Per capita real Gross Domestic Product (GDP) is a good gauge of a nation's quality of life because it takes into account a nation's cultural and spiritual values. D) All of the above.
All of the following are possible explanations for the increase in U.S. government budget deficits as a percentage of GDP since the early 2001 EXCEPT
A) increases in tax revenues. B) increases in payments for entitlements. C) increases in government spending. D) decreases in tax rates.
When a principal attempts to get an agent to reveal his or her private information, which of the following is occurring?
a. Screening b. Signalling c. Moral hazard d. Adverse selection