Estimates are that tradable goods in the U.S. account for approximately what share of GDP in the U.S.?
A) 10%
B) 16%
C) 25%
D) none of the above
D
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As a person increases his or her caloric intake, the person's weight increases, ceteris paribus. The relationship between the person's caloric intake and the person's weight is an example of
A) unrelated variables. B) a positive relationshi
The situation in which investors choose to put their funds in a safe asset during uncertain times is known as
A) hedging. B) speculation. C) flight to quality. D) arbitrage.
Adhering to the principle of revenue neutrality _____
a. allows for the separation of efficiency and the overall level of taxation b. allows for the separation of equity and the overall level of progressivity c. allows for the separation of equity and government spending d. allows for the separation of efficiency and intergovernmental transfers
Using a model of imperfect competition, economist Daniel Trefler concluded that the North American Free Trade Agreement:
a. cost Canada more than 100,000 jobs that were never replaced. b. presented no real issue about job loss in Canada. c. caused Canada to lose 5% of jobs in manufacturing because Canadian tariffs had to be cut, but over time the trade agreement created higher productivity and more jobs to offset losses. d. created new jobs in Canada from day one, as firms sold across the border and undercut U.S. firms.