Which types of workers are most likely to favor lowering trade barriers in the United States?
What will be an ideal response?
Highly educated and more skilled workers
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Term limits on political offices have all of the following properties except:
A. encourage people to run for multiple different political offices. B. discourage corruption by ensuring that one person isn't allowed to hold onto power for too long. C. can encourage corruption in reality by placing an official in power with no incentive to answer to his constituency. D. prevent officials from holding office for longer than a certain amount of time.
Which of the following firms is considered a monopoly?
A. The U.S. Postal Service B. Taco Bell C. United Airlines D. Macy's Department Store
When the absolute price elasticity of demand is less than 1, demand is
A. elastic. B. unit-elastic. C. inelastic. D. undetermined without more information.
Which of the following would be the source of a "real" business cycle?
A) changes in technology B) anticipated expansionary monetary policy C) unanticipated contractionary monetary policy D) unanticipated expansionary monetary policy