The U.S. government is an asset to the U.S. economy when it
(a) effectively serves its role as the agent that defines and protects private property rights.
(b) taxes one group of individuals and redistributes that taxed income to another group.
(c) permits special groups to secure legislative protection from foreign competition in the
industries which they own, manage or work within.
(d) does all of the above.
(a)
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Marginal means _____.
A) Additional B) unimportant. C) level or size. D) scarcity. E) inferior.
Import standards on specific countries usually address issues affecting:
A. foreign production practices. B. domestic producers. C. domestic consumers. D. how goods and services flow from one nation to another.
Which statement is true?
A. Firms in service industries are less able to take strikes than those in manufacturing. B. The president invokes the Taft-Hartley Act, on the average, about once every five years. C. During the last 20 years there have been many more lockouts than strikes. D. There has been less work time lost to strikes in the U.S. than in any other industrialized country.
Why do opportunity costs increase as society produces more of a good?
What will be an ideal response?