Goods that are produced domestically and then sold in other countries are called
A) exports.
B) imports.
C) tariffs.
D) quotas.
A
Economics
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b. promoting a policy change to eradicate inefficiencies. c. moving assets from lower to higher value uses, thereby creating wealth. d. None of the above
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A good that is most likely to be in the producer price index is:
A. industrial machinery. B. SUV. C. spaghetti. D. All of these are in the PPI.
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With a regressive tax system, as the level of income increases in an economy, the average tax rate will:
A. remain constant. B. increase. C. decrease. D. either increase or decrease.
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When the price of a good increases,
A) supply increases. B) quantity supplied increases. C) supply decreases. D) quantity supplied decreases.
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