________ U.S. president(s) who has/have held office since GATT was signed has argued for free-trade policies, yet each one has used his powers to protect various sectors of the economy.
A. Only one
B. Every
C. No
D. Only 3
Answer: B
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The federal government debt as a percentage of GDP fell during
A) 2002-2007. B) 1980-1992. C) 1998-2001. D) World War II.
In the text, the authors present evidence that the market for free agents in professional baseball is subject to the lemons problem. How could a prospective free agent overcome this problem when seeking a new contract?
A) Agree to accept a lower salary with a new team. B) Rely on standardization to avoid the asymmetric information problem. C) Decide to negotiate only with their current team. D) Develop a reputation as a reliable and productive player.
The impact of computers on U.S. productivity growth: a. has been disappointingly small—about one-half percentage point annually between 1972 and 1996. b. has been dramatic, contributing to significant growth during the early years of the 21st century. c. has been significant in the health care sector but not elsewhere
d. has actually been negative in most industries. e. was greater during the period 1972–1990 than it has been since that time.
Which of the following observations is true?
a. Environmental damage can be reduced to zero. b. Pollution results from a price mechanism malfunction. c. Charging those who emit pollution is not a way of dealing with pollution problems. d. Public interest requires pollution be maintained at its free-market level.