The intense competition of free trade prevents the investment that generates economic growth.

a. true
b. false


Ans: b. false

Economics

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Which of the following is a positive economic statement?

A) People should not buy imported fruits and vegetables.
B) The government should subsidize solar power for homeowners.
C) The minimum wage law causes unemployment.
D) The number of work visas should not be limited by the government.

Economics

Restrictions that limit sugar imports, subsidies for the construction of sports stadiums, and federal spending on programs like the construction of an indoor rain forest in Iowa all provide examples of government programs

What will be an ideal response?

Economics

Explain the difference between a "change in quantity supplied" and a "change in supply."

What will be an ideal response?

Economics

J.T. Smith's company, Gamemaker, sells gambling equipment to gaming service companies. Since the quality of the equipment is difficult to monitor and gamblers are often the source of machine failure, Smith could cheat on the level of machine quality. However, Smith has a strong quality assurance program. A primary reason for that may be

A. the asymmetric information Smith holds on quality. B. company reputation. C. the need for reinforcement. D. cost containment.

Economics