What is the amount of tariff imposed on a ton of sugar?
A. $1
B. $1,000
C. $500
D. $50
Answer: B
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In calculating the unemployment rate, part-time workers over the age of 16 are counted as
A) not in the labor force. B) employed if they are part-time workers for noneconomic reasons and unemployed if they are involuntary part-time workers. C) not in the working-age population. D) unemployed. E) employed.
An economic agreement between countries to allow free trade between members, a common external trade policy, and coordinated monetary and fiscal policies is called
a. an economic union. b. a common market. c. a trade forum. d. a free trade agreement.
Which of the following is not an example of M1 money?
(A) A checking account (B) Travelers' checks (C) Currency (D) A mutual fund
What is a seller's opportunity cost?