The U.S. government has more than 10,000 tariff classifications and more than half of them are subject to interpretation.
a. true
b. false
a. true
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Adam Smiths theory of the invisible hand posits the actions of independent, self-interested buyers and sellers will ________ lead to the most efficient allocation of resources.
A. never B. rarely C. often D. always
If the interest rate on Japanese yen assets falls while interest rates in the United States remain constant, the
A) quantity of dollars demanded will increase. B) quantity of dollars demanded will decrease. C) demand for dollars will increase. D) demand for dollars will decrease.
Refer to the Article Summary. If, after the outflow of educated workers in Mexico, it now takes more capital per hour worked to get the same amount of GDP per hour worked, this indicates ________ the per-worker production function in Mexico
A) a movement up B) a movement down C) a downward shift of D) an upward shift of
Laissez-faire implies a hands-off approach to the market by the government
Indicate whether the statement is true or false