Which country was a particularly important trading partner in the early history of the United States?
a. Mexico
b. China
c. Germany
d. Great Britain
d. Great Britain
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Social Security is financed through _____
a. an earmarked payroll tax b. an earmarked consumption tax c. an earmarked income tax d. general taxation
When a firm's marginal productivity declines as output increases, then the firm is experiencing
a. Diminishing returns to scale b. Constant returns to scale c. Increasing returns to scale d. Increasing marginal product
Given that the economy is operating in the horizontal section of the aggregate supply curve in the simple Keynesian model, an increase in autonomous spending will ____________________ (assuming that the economy remains in the horizontal section of the aggregate supply curve)
A) increase Real GDP and raise the price level B) decrease Real GDP and raise the price level C) increase Real GDP and leave the price level unchanged D) increase Real GDP and lower the price level
Which of the following environmental approaches is most appropriate when surveillance and enforcement is impractical?
A. Direct controls B. Emissions tax C. Volunteerism D. Tradable emission permits