Which of the following best describes the traditional political use of tariffs?
a. protection of borders
b. protection of military secrets
c. protection of exchange rates
d. protection of vested economic interests
d. protection of vested economic interests
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Of the following high-income countries, which has the highest infant mortality rate?
A) Canada B) Japan C) the United Kingdom D) the United States
Briefly describe how labor unions can affect wages in non-unionized industries
A weaker dollar would be a good policy if the U.S. government wanted to:
A. increase exports and reduce the trade balance. B. reduce imports and increase the trade balance. C. reduce the trade balance and lower inflation. D. increase the trade balance and lower inflation.
If the supply of oranges is unit elastic, the price elasticity of supply of oranges is
A. 1.0. B. 0.0. C. -1.0. D. -100.0.