Supply-side economists encourage government to reduce taxes, deregulate, and increase spending on research and development because they think that these types of policies lead to greater long-run economic growth

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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What are the five most important variables that cause the market demand curve for labor to shift?

What will be an ideal response?

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It is possible for one country to have a comparative advantage in the production of all products

a. True b. False

Economics

Which of the following is NOT a primary duty of the U.S. Customs and Border Protection?

A) assessing all duties, taxes, and fees on imported merchandise B) collecting import and export tariffs C) protecting the U.S. from threatening imports D) policing smuggling operations

Economics

Under which market model are the conditions of entry into the market easiest?

A. Pure monopoly B. Monopolistic competition C. Pure competition D. Oligopoly

Economics