Economists studying the impact of direct pegs on trade found that direct pegs:
A) increased levels of trade by 21%.
B) increased levels of trade by 44%.
C) increased levels of trade by 58%.
D) had no effect on trade levels.
Ans: A) increased levels of trade by 21%.
You might also like to view...
The fraction of the working-age population that is in the labor force is called the
A) labor force participation rate. B) unemployment rate. C) employment rate. D) nonresponse rate.
The supply of oil is more elastic than the demand for oil. If oil is taxed $10 per barrel, how will the tax be divided between the buyers and sellers?
A) The sellers will pay more of the tax than the buyers. B) The buyers will pay more of the tax than the sellers. C) The sellers and buyers will split the tax evenly. D) The sellers will pay the entire tax.
Unemployment insurance tends to
a. decrease structural unemployment. b. decrease cyclical unemployment. c. increase frictional unemployment. d. increase the number of discouraged workers.
The fact that invention is based largely on fixed costs and is a public good means that which of the following is not relevant to the process?
A. Average total cost B. Marginal cost C. External cost D. Average variable cost