The level of U.S. exports depends directly on
A. the size of the spending multiplier in other countries.
B. the size of the spending multiplier in the United States.
C. the level of income in the United States.
D. the level of income in other countries.
Answer: D
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Trade war occurs when, after a tariff is imposed, other countries retaliate with their own tariff
Indicate whether the statement is true or false
Robert Fogel's upper bound estimate of the social savings from the railroad industry came to about ____ of the GNP in 1890
a. 7 b. 15 c. 20 d. 120
Environmentalists continually argue for the use of alternatives to fossil fuels for generating energy. For example, harnessing wind by creating wind farms has been one alternative proposed and implemented. When it is found that these wind farms lead to the slicing and dicing of migratory birds and the decimation of local bat populations, we could say that environmentalists have committed the
a. fallacy that assocation is causation b. fallacy of composition c. fallacy of segmentation d. mistake of ignoring secondary effects e. mistake of ignoring the obvious
Game theory is not useful for analyzing perfectly competitive markets.
Answer the following statement true (T) or false (F)