A government-imposed restriction on the quantity of a good that can be imported is
A. a health restriction.
B. a protective tariff.
C. an embargo.
D. a quota.
Answer: D
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A constant contributor to labor productivity growth during the entire 1948-2000 period was
a. capital formation. b. technological change. c. labor force growth. d. government spending.
What is NOT a lagging indicator ?
The Human Genome Project is a useful example of
A. private sector and public sector collaboration. B. government-conducted research. C. private sector research. D. government spending.
By using the ceteris paribus assumption in conjunction with a model, economists can
A) suspend the rationality assumption. B) avoid having their model depend on any additional assumptions. C) hold certain factors constant. D) be sure that the model will predict correctly.