The period of 1973 to 1980 can best be described as a time of
A. deflation.
B. reflation.
C. unflation.
D. stagflation.
E. disflation.
Answer: D
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A country uses strategic trade policy to
A) increase profits that accrue to domestic producers. B) affect the exchange rate of its currency. C) impose countervailing duties. D) allow dumping of imports to increase consumer surplus.
An industry in which total costs are kept to a minimum because only one firm serves the whole market is called a:
a. natural monopoly. b. competitive monopoly. c. patent monopoly. d. limit monopoly.
Which of the following are not consumer durable goods? a. Automobiles
b. Washing machines. c. Air conditioners. d. Paperback books.
The top ten causes of death in the United States in 2014 included all of the following but:
a. diabetes. b. heart disease. c. cancer. d. AIDS. e. suicide.