Economic growth is enhanced by
A) free international trade.
B) limiting international trade so that the domestic economy can prosper.
C) discouraging saving, because increased saving means less spending.
D) ignoring incentive systems.
E) increasing welfare payments to the poor so they can afford to buy goods.
A
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In the research that used the audit method to send 38 people to purchase new cars from car dealers in Chicago, the highest prices were quoted to
A) black women. B) white women. C) black men. D) white men.
In the U.S., charging monopoly-level prices
A) is evidence of a conspiracy. B) is illegal. C) is not necessarily illegal. D) constitutes a per se violation.
Which of the following assets is most liquid?
a. Funds in a checking account. b. A car. c. A home. d. A municipal bond.
Average fixed cost:
a. remains unchanged as output expands b. is defined as the change in total cost divided by the change in output. c. always increases as output increases. d. always decreases as output expands.