Which of the following is NOT an output of the production function?
A) a haircut
B) a share of Acme Corporation stock
C) a case of soda pop
D) an extra-large pepperoni pizza
B
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The clear winners from the quota are the ________, and the losers are the______.
A. domestic producers; domestic consumers B. domestic consumers; domestic producers C. government; domestic consumers D. importers; domestic producers
What is most accurate about the United States' trading patterns between 1850 and 1900?
a. The US exported more finished manufacturers in 1850 than it did in 1900. b. Raw materials accounted for a greater share of US imports in 1850 than they did in 1900. c. Manufactured and raw foodstuffs accounted for about 75% of exports in both 1850 and 1900. d. In 1850, the US's largest export was raw materials and its larges import was finished manufacturers.
The growth of international trade has helped to ______ the productivity of U.S. workers as a whole, and thus helped to ________ the average level of wages.
a. lower; lower b. raise; raise c. raise; lower d. lower; raise
Suppose that the price of one ear of corn was $0.05 in 1920, that the CPI in 1920 was 10, and that in 1990 the CPI was 180 . What is the price of a 1920 ear of corn in 1990 dollars?