Which of the following is not among the first steps the textbook recommends be taken to reduce negative externalities?
A) Adjudication
B) More scientific research
C) Negotiation
D) The cultivation of civic virtues
Ans: B) More scientific research
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If the value of the U.S. dollar changes from 1.4 euros to 1.2 euros, we would expect that the United States would experience a ________ in exports and a ________ in imports
A) rise; rise B) fall; fall C) rise; fall D) fall; rise
Which of the following did the Fair Labor Standards Act (FLSA) of 1938 not accomplish?
a. Lowered the maximum work week to 44 hours for many industries. b. Outlawed companies' rights to break union strikes. c. Prohibited many forms of child labor. d. Set a minimum wage for laborers.
Which of the following assets is most liquid?
a. Funds in a checking account. b. A car. c. A home. d. A municipal bond.
What is the opportunity cost of economic growth?
a. investment in the current time period b. improved technology in the current time period c. capital goods in the current time period d. consumption in the current time period