All of the following contributed to the downfall of the Soviet Union in 1991 except
A) lack of high-quality goods and services.
B) public dissatisfaction with low living standards and political repression.
C) an inability to produce low-cost consumer goods that households wanted.
D) lack of a strong dictator who could coordinate economic activities.
D
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The Social Security program is ________ in that it redistributes income from ________
A) progressive; low earners to high earners B) regressive; low earners to high earners C) progressive; high earners to low earners D) regressive; high earners to low earners
Which of the following is an example of a negative externality?
A. Bad weather reduces the size of the wheat crop. B. A reduction in the size of the wheat crop causes the income of wheat farmers to fall. C. Smoking harms the health of nonsmokers who are nearby. D. Smoking harms the health of the smoker. E. all of the above
A 10-cent-per-box tax on producers of cigars will
a. shift the firm's ATC and MC curves upward by the full amount of the tax. b. induce the firm to produce less but will not shift the firm's MC curve. c. shift the firm's ATC and MC curves downward by the full amount of the tax. d. shift the MC curve upward but will not cause any shift in the ATC curve.
In recent decades intra-industry trade has become significantly smaller as a percentage of overall trade.
Answer the following statement true (T) or false (F)