There is no general agreement among economists regarding the sources of the U.S. productivity slowdown that occurred between 1973 and 1995.
Answer the following statement true (T) or false (F)
False
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Which of the following is an example of an external benefit?
A) a ton of coal burned in a power plant to produce electricity B) a car accident that crowds a major Los Angeles freeway C) the production of a slice of pizza D) the cleanup of a large lake E) the consumption of a can of Mountain Dew
Which of the following statements correctly characterizes the distribution of colonial wealth?
a. Colonial wealth was distributed equally across the population. b. While the distribution wealth was highly concentrated in the South, New England , the Middle colonies had very equal wealth distributions. c. Wealth inequality tended to be greatest in colonial cities. d. A permanent underclass of free poor people developed during the colonial period.
Macroeconomics is most likely to be concerned with
A. price determination in the car industry B. relative prices C. the efficient allocation of resources D. unemployment and inflation
Which of the following positions would a mercantilist support?
A. Trade in manufacturing goods is good for the United States. B. Imports to the United States from Japan are beneficial to the United States. C. Exports from Japan to the United Kingdom are beneficial to Japan. D. Movement of labor from the United Kingdom to the United States is beneficial to the United States.