Which of the following is not a reason to restrict trade?
A. Concerns about dumping.
B. Concern about high prices for consumers.
C. Protection of infant industries.
D. Preservation of national security.
Answer: B
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Should European nations which are not currently using the euro choose to adopt the euro as their currency, these countries would risk giving up the ability to use ________ to stabilize their economies in the event of a recession
A) contractionary fiscal policy B) expansionary monetary policy C) expansionary fiscal policy D) contractionary monetary policy
An investment tax credit, which would lower taxes for firms that invested in new capital equipment, would shift the long-run aggregate supply curve to the right over time
a. True b. False Indicate whether the statement is true or false
A good that is excludable but not rival is known as a club good
a. True b. False Indicate whether the statement is true or false
Labor income includes:
A. interest, dividends, and rent. B. wages, salaries, and earnings of the self-employed. C. payments to owners of factories, machines, and buildings. D. profits, royalties, and rent.