Refer to the scenario above. Which of the following will happen if her husband quits his job to look after their son instead of Sarah?
A) The country's GDP will remain unchanged. B) The country's GDP will increase.
C) The country's trade deficit will increase. D) The country's trade surplus will increase.
Mike's housekeeper charges $30 for mowing his lawn.
A
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Which of the following is NOT a problem associated with randomized experiments?
A) Experiments can sometimes get expensive for the researcher. B) The participants in the treatment group and control group are not identical in all respects. C) Getting immediate answers to some important questions may not be possible. D) Sometimes experiments are conducted poorly, which may lead to inaccurate results.
The market price of a factor of production that is in fixed supply is determined only by demand
Indicate whether the statement is true or false
A new U.S. import quota on imported steel would be likely to: a. reduce the cost of production to steel-using American firms. b. generate tax revenue to the government
c. increase U.S. production of steel. d. increase the production of steel-using American firms.
What is the type of companies that provide services by linking individuals to others with similar interests or to companies that sell certain products?
A) not-for-profit firms B) government agencies C) platform firms D) non-transaction firms