Refer to Figure 18.4. With free trade, how many gloves are produced domestically in Duckland?
A) 100 B) 80 C) 60 D) 0
D
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Mike’s Mealbarn is a competitive firm in the hot dog stand business. How will each of the following affect the short-run demand for labor at Mike's?
(i) Mike buys a new grill that makes the cooks more productive. (ii) Increasing numbers of people become vegetarians. (iii) A health inspector fines Mike $500 for unsanitary conditions, but fortunately Mike's customers don't learn about it.
A progressive tax is one for which the percentage of each added dollar of income paid in taxes
a. increases as income increases. b. remains the same as income increases. c. decreases as income increases. d. is zero after a certain maximum income is reached.
If a country increased the production of its capital goods, then
A. the more unemployed resources there will be in the future. B. the more consumption of goods we can have today. C. the more unemployed resources there are today. D. the less consumption we can have today, but we will have more in the future.
A strategy that identifies the causal effects of a policy or factor by looking at two samples that lie on either side of a threshold or cutoff is called intention to treat.
Answer the following statement true (T) or false (F)