Which of these is not a result of sugar quotas imposed by the United States?
A. Domestic sugar prices decreased.
B. U.S. sugarcane and beet farmers have benefitted.
C. Some U.S. soda and candy producers have moved their plants outside of the United States.
D. The number of lost domestic jobs in sugar-dependent industries is greater than those saved in the sugar industry.
A. Domestic sugar prices decreased.
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Patents ________ permit investors to have a monopoly on their innovation and ________ permit them to earn economic profit.
A) do not; do not B) do; do not C) do; do D) do not; do
A corrective tax equal to the external cost imposed on third parties levied on polluters will: a. eliminate all pollution
b. increase the level of pollution. c. force polluters to internalize the external cost resulting from their actions. d. usually have no impact whatsoever on pollution levels, but will generate tax revenue for the government.
Which of the following is FALSE?
A) Current account deficits must be financed through inflows of capital. B) Loans from abroad add to a country's stock of external debt and generate debt service. C) Borrowed funds are always used in a manner that contributes to the expansion of the country's productive capability. D) Debt service can become an unsustainable burden that holds back development.
In a closed economy, public saving is the amount of
a. income that households have left after paying for taxes and consumption. b. income that businesses have left after paying for the factors of production. c. tax revenue that the government has left after paying for its spending. d. spending that the government undertakes in excess of the taxes it collects.