Protection in the form of tariffs or quotas is a very inefficient tool for job creation and preservation
Indicate whether the statement is true or false
TRUE
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College graduates will earn over $1,000,000 more on average than high school dropouts before retiring
Indicate whether the statement is true or false
The portion of the GDP that takes the form of consumer goods and services is approximately
a. one-fourth. b. one-third. c. one-half. d. seven-tenths.
The U.S. desire for foreign currency represents
A. A point of disequilibrium in the foreign exchange market. B. A supply of U.S. dollars. C. A demand for U.S. dollars. D. The foreign demand for U.S. exports.
Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is U = (M)2. Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. What is the maximum you would pay security to check in your bike?
What will be an ideal response?