A nation can accelerate its economic growth by:
A. reducing the number of immigrants allowed into the country.
B. adding to its stock of capital.
C. printing more money.
D. imposing tariffs and quotas on imported goods.
Answer: B
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Explain the concept of purchasing power parity
What will be an ideal response?
A firm will shut down in the short-run if
a. P>AVC
b. P
The federal agency established in 1934 to regulate telephones and broadcasting industries is the:
a. Interstate Commerce Commission (ICC). b. Federal Trade Commission (FTC). c. Securities and Exchange Commission (SEC). d. Equal Employment Opportunity Commission (EEOC). e. Federal Communications Commission (FCC).
Which of the following taxes is least likely to be shifted?
a. a federal excise tax on grapefruit b. a sales tax on some foodstuffs c. a personal income tax d. a state tax on football tickets