In general, educating workers:
A. does not make them more productive.
B. increases overall economic growth.
C. contributes little to other capabilities.
D. forces them to leave their native country.
B. increases overall economic growth.
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A monopoly is a
a. large number of producers each with a small share of the total market output b. single seller of a product that typically has no close substitutes c. small group of producers with similar products d. single buyer of an input into production e. group of firms with incentives to cooperate
Discuss the opposing points of view on U.S. trade deficit
Which of the following is an important ingredient of efficient economic organization?
a. high marginal tax rates b. competitive markets c. rapid increases in the money supply d. imposition of high tariffs that will protect domestic producers from the ravages of foreign competition
Disposable income can be defined as national product
A. minus federal and state taxes. B. minus taxes plus transfers. C. minus indirect taxes. D. plus taxes plus transfers.