When quotas are eliminated, losers include
A. Domestic producers.
B. There are no losers when free international trade is established.
C. Foreign producers.
D. Domestic consumers.
Answer: A
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contracts. Indicate whether the statement is true or false
The concept of surplus can:
A. show the benefits of introducing new markets. B. show who benefits from a tax. C. show who loses from minimum wage. D. show any of these.
In the ordered pair (5, 3), 3 is the
a. horizontal location of the point. b. the slope. c. the x-coordinate. d. the y-coordinate.
Dilbert's Incorporated produced 5,000,000 units of accounting software in 2010 . At the start of 2011 the pointy-haired boss reduced total annual hours of employment from 10,000 to 8,000 and production was 4,800,000 . These numbers indicate that productivity
a. fell by 4%. b. fell by 20%. c. rose by 12%. d. rose by 20%.