A tariff is a limitation on the amount of a good that can be imported
a. True
b. False
Indicate whether the statement is true or false
False
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If investment in capital equipment requires two to three years between conceptualization and start-up to production, then
A) the gap between the desired capital stock and the existing capital stocks is closed slowly. B) a change in expected sales will not increase output. C) V* will be smaller than expected. D) All of the above are correct.
According to Table 6.1, there are less than one million heads of households who worked full-time year round and were poor
Indicate whether the statement is true or false
Social insurance
a. is the basis for most government redistribution programs. b. is usually community-rated with premiums based on ability to pay. c. is the basis of the provision of medical care to the poor, elderly, and other vulnerable population groups in the U.S. d. requires mandatory participation to be effective. e. all of the above.
A horizontally integrated firm produces products in a variety of industries (e.g., General Electric, which produces jet engines, air conditioners and microwave ovens)
a. True b. False