The decline in new business startups
A) is not concentrated in one geographic area.
B) is concentrated in the Northeast states.
C) is concentrated in the Gulf Coast states.
D) is concentrated in the Rust Belt.
Answer: A
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Use the following figure to answer the next question.
A shift from AD1 shifts to AD2 would be consistent with what economic event in U.S. history?
A. demand-pull inflation in the late 1960s B. recession in 2007-09 C. cost-push inflation in the mid-1970s D. full-employment in the late 1990s
The fastest growing nations today are those with
A) few funds spent on research and development. B) government intervention in markets to ensure high prices. C) the least saving. D) the fastest growing exports and imports. E) barriers that significantly limit international trade.
Increasing a tariff will ________ the domestic quantity consumed of the good, while ________ the domestic production of the good
A) increase; increasing B) increase; decreasing C) decrease; increasing D) decrease; decreasing
What is the government’s primary method for providing public goods and reducing free riders?
a. Requiring citizens to pay taxes b. Shifting R&D to private firms c. Investing in higher education d. Guaranteeing intellectual property rights