A less costly alternative to protection of national defense industries would be a production subsidy
Indicate whether the statement is true or false
TRUE
Explanation: This generates the production deadweight cost without the consumption deadweight cost.
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The members of the Federal Reserve Board of Governors are appointed by the Congress of the United States
Indicate whether the statement is true or false
You sell cupcakes. One day you double the time you spend and double all your inputs, and make twice as many cupcakes. Your cupcake production function has
a. decreasing returns to scale. b. zero returns to scale. c. constant returns to scale. d. increasing returns to scale.
If you invest $1,000 in a savings account and the annual interest rate is 3.6 percent, your account balance will double in value in approximately _____.
A) 185 years B) 72 years C) 34 years D) 20 years E) 3.4 years
Many regional trade agreements include other provisions that are not part of the treaty, but they are add-ons that might be important to trade issues. These are called:
a. addenda. b. side agreements. c. environmental pacts. d. worker rights documents.