Which of the following is not a trade-restricting practice?
a. subsidy
b. tariff
c. quota
d. a voluntary limit on exports
e. higher safety standards for imports than for the same good sold domestically.
A
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Which of the following organizations keeps track of all interstate commodity shipments by state of origin and state of destination in the United States?
A) Bureau of Trade Statistics B) Bureau of Transportation Statistics C) Bureau for Foreign Assistance D) Bureau of the Treasury Department
How much do you believe that current tax policy is influenced by politics, as opposed to sound and efficient tax policy?
What will be an ideal response?
Which of the following is an explanation as to why fluctuations in real GDP have become less volatile in the United States since 1950?
A) The government has become less inclined to intervene to stabilize the economy. B) Unemployment insurance and other government transfer programs have become more prevalent. C) The government and the Federal Reserve have decreased regulation and scrutiny of the financial system. D) Goods manufacturing has become a larger fraction of GDP.
The quantity of hamburger that households are willing to purchase is predicted to rise if there is:
a. a fall in the price of hot dogs b. a fall in the price of hamburger buns c. a rise in the price of onion rings d. a rise in the price of catsup