Tariffs and quotas are one-size-fits-all measures that work as tools to internalize external effects.
Answer the following statement true (T) or false (F)
False
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In neoclassical growth theory, technological progress is the key to continuous growth in labor productivity
Indicate whether the statement is true or false
In the U.S. the percentage of the population that directly encounters poverty is exceedingly high
a. True b. False Indicate whether the statement is true or false
Total U.S. government expenditures as a percentage of GDP were largest during which of the following periods of time?
A. The Great Depression B. World War II C. The Vietnam War D. The Energy Crisis of the mid- and late-1970s
Refer to the diagram, representing Slippery Slope Oil Company. What price of oil would make 15 million barrels the optimal quantity to extract and sell this year?
A. $50.
B. $70.
C. $90.
D. $110.