Social Security is financed through _____
a. an earmarked payroll tax
b. an earmarked consumption tax
c. an earmarked income tax
d. general taxation
a
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U.S. antitrust laws are designed to prohibit monopolization and encourage competition. Why, then, does the government erect barriers to entry and create monopoly power by granting firms patents?
What will be an ideal response?
An export subsidy will cause the terms of trade of the ________ country to ________ and will ________ the country
A) exporting; suffer; harm B) exporting; improve; benefit C) importing; suffer; harm D) importing; suffer; benefit E) importing; improve; harm
According to the J curve, the rapid depreciation in the dollar from 1985 to 1987 caused net exports to
A) rise in the short run and fall in the long run. B) rise in the short run and rise further in the long run. C) fall in the short run and rise in the long run. D) fall in the short run and fall further in the long run.
The marginal product curve:
A. typically decreases at low levels of input, but increases as input increases. B. shows how many extra outputs are created with each additional input. C. cannot be negative, since total output cannot be negative. D. None of these is true.