To encourage economic development a country should do all of the following EXCEPT
A) establish a system of property rights.
B) allow creative destruction to run its course.
C) limit the amount of imports allowed into the country.
D) invest in human capital.
C
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Are public goods excludable? Are they rival in consumption?
Which of the following plays an increasingly important role in the U.S. economy?
A.) International trade. B.) Manufacturing. C.) Farming. D.) Construction and mining.
Rent controls are
A. when rents are set above the market clearing level to aid landlords. B. used to provide incentives to contractors to build new apartments. C. when rents are set below the market clearing level. D. used to generate revenue for the local government.
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. Figure 19.1 Refer to Figure 19.1. The payroll tax imposed initially
A. reduced the equilibrium wage rate by $5 per hour. B. did not change the equilibrium wage rate. C. increased the equilibrium wage rate by $3 per hour. D. reduced the equilibrium wage rate by $3 per hour.