It is inappropriate and ultimately foolish to respond to the disruptions of international trade by trying to restrict trade through __________ decisions.
a. policy
b. political
c. consumer
d. business
a. policy
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Which of the following was NOT a reason given for opposing the renewal of the charters of the Banks of the United States?
(a) The Banks of the United States made too many bad loans. (b) The Banks of the United States were unconstitutional. (c) The Banks of the United States hindered the development of private banks. (d) The Banks of the United States were owned, in part, by foreign investors.
The monopolist's marginal revenue is less than price since
A) additional units can only be sold if the price is lowered on all units sold. B) the demand function is horizontal. C) average revenue is also less than price. D) average total cost is declining.
The three types of unemployment are
What will be an ideal response?
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.