With a partial trade agreement
A) goods and services are allowed to cross boundaries without tariffs.
B) two or more countries agree to liberalize trade in a selected group of categories.
C) two or more countries set common tariffs toward non-members.
D) two or more countries allow the free mobility of inputs such as labor and capital.
E) two or more countries agree on establishing a common currency.
B
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The labor force participation rate is equal to
A) (labor force ÷ population) × 100. B) (labor force ÷ working-age population) × 100. C) (number of employed workers ÷ labor force) × 100. D) (number of employed workers ÷ working-age population) × 100. E) (number of employed workers ÷ population) × 100.
Typical structure characteristics of interest to Industrial Organization researchers include
a. Barriers to entry b. Product differentiation among firms c. The number and size distribution of firms d. All of the above
If producers strongly object to banning advertising, it probably means that:
A. they use it simply to inform customers. B. they see the ban as decreasing competition. C. they believe the ban will benefit them. D. they believe advertising persuades customers that products are more different than they really are. .
Describe the major sources of tax revenue and expenditures for the federal government