Almost all economists agree that tariffs and import quotas
a. reduces general economic welfare.
b. increases general economic welfare.
c. have no effect on general economic welfare.
d. stimulate a less than fully employed economy.
a
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Refer to the figure above. If John spends his entire income on chairs, how many chairs can he purchase?
A) 3 B) 8 C) 20 D) 40
As the number of players grows, the costs of game playing fall
Indicate whether the statement is true or false
If A and B are two disjoint sets, and "Pr" represents the probability, then Pr[A or B] will be:
a. unity. b. zero. c. Pr[A]+Pr[B]. d. Pr[A]-Pr[B].
If the numbers of people officially employed and officially unemployed each increased by 5%, with no change in the non-institutional civilian population, what would be the effect?
a. an increase in the unemployment rate and no change in the labor force participation rate b. a decrease in the unemployment rate and no an increase in the labor force participation rate. c. no change in the unemployment rate and an increase in the labor force participation rate d. no change in the unemployment rate and a decrease in the labor force participation rate