What is the approximate percent of GDP produced by private firms in the United States?
a. 4 percent
b. 11 percent
c. 25 percent
d. 57 percent
e. 75 percent
e
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Consider the following:
(i) Suppose the government imposes new regulations that force tire manufacturers to incur some one-time expenses for factory safety improvements. Will the new regulations raise the price of tires? Why or why not? (ii) Suppose the government imposes new regulations that force tire manufacturers to adopt cleaner production methods that raise the production cost by $10 per tire. Will the new regulations raise the price of tires? Why or why not?
Which of the following would not move either the supply or the demand curve in the market for housing?
A. An increase in the cost of home insurance B. An increase in the number of people who are retiring C. An increase in real-estate prices D. A possibility of higher construction costs
Ceteris paribus means
A) other variables are held constant. B) almost certainly. C) only if everything works just right. D) perhaps.
Which of the given nations would be middle-income developing countries (DVCs), according to the World Bank?
A. Country E only.
B. Countries A, D, and E.
C. Countries D and E.
D. Country D only.