The pattern of protection in industrial countries is particularly harmful to the interests of
A) low-income developing countries.
B) high-income industrial countries.
C) Asian nations.
D) European nations.
E) None of the above.
A
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What is the opportunity cost of economic growth?
A. Investment in the current time period B. Improved technology in the current time period C. Capital goods in the current time period D. Consumption in the current time period
The United States exports
A) goods only. B) services only. C) manufactured goods only. D) goods and services. E) only agricultural products and high-tech goods.
The average variable cost of producing 4 posters is
a. $2.00. b. $2.50. c. $5.00. d. $3.33.
Comparing the United States economy in the 1920s with the economy in the 1990s, both decades
A. had slow economic growth. B. had a lack of any government regulation of the stock market. C. suffered from economic depressions. D. had soaring stock markets.