An export subsidy is a payment by the government to exporters to permit them to charge lower prices.
Answer the following statement true (T) or false (F)
True
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Which of the following would not account for the observed wage differential between African Americans and whites in the United States?
a. differences in the quantity of on-the-job training b. differences in the quality of education c. discrimination by employers d. differences in job experience e. differences in access to public assistance programs
Which of the following is not one of the three core economic issues that must be resolved?
A. Who should get the goods and services we produce. B. What to produce with limited resources. C. How to produce the goods and services we select. D. What to produce with unlimited resources.
Refer to the information provided in Table 8.3 below to answer the question(s) that follow.
Table 8.3
Refer to Table 8.3. What is the total cost of producing zero units of output?
A. $0 B. $30 C. $60 D. indeterminate from the given information
Refer to the diagram for a private closed economy. The MPC and MPS are:
A. .6 and .4 respectively.
B. .7 and .3 respectively.
C. both .5.
D. both .7.