The passage of the ________ in 1930 sparked a trade war that caused net exports to decrease and real GDP to decrease
A) Sherman Antitrust Act B) Clayton Act
C) Smoot-Hawley Tariff D) Cellar-Kefauver Act
C
Economics
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In the above table, the total variable cost of producing 16 units of output is
A) $20. B) $60. C) $100. D) $120.
Economics
What is allocative efficiency and how does it relate to the production possibilities frontier?
What will be an ideal response?
Economics
If the rate of inflation in the economy is steady at 5 percent per year, how does the short-run Phillips curve predict that the unemployment rate will be changing, if at all? Does your answer change if inflation in the economy is 0 percent?
Illustrate your answer with a Phillips curve.
Economics
How much cloth production would Wendy forfeit in a day in order to produce 6 pounds of food?
a. 3 yards
b. 2 yards
c. 1 yard
d. 1/2 yard
Economics