Positive-Incentive
What will be an ideal response?
any kind of incentive to encourage you to take action
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The market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets.
Indicate whether the statement is true or false.
All of the following are reasons countries may be unable to use discriminatory trade practices to enforce labor standards EXCEPT
A) in order to be effective a coalition of countries must join together to impose them. B) countries can never impose trade barriers on other sovereign nations. C) the WTO requires nations to treat other nations the same. D) a single country may be unsuccessful in convincing members of its trading block to participate in imposing the sanctions. E) retaliation or a full blown trade war might result.
An annual income of less than $24,000 is
A. Extreme poverty. B. The poverty rate. C. Below the poverty threshold. D. In-kind income.
In the short run, an increase in government purchases will
I. shift the aggregate expenditure curve upward. II. increase real GDP. III. increase the government purchase multiplier. IV. increase the lump-sum tax multiplier. A) I, II and III B) I and II C) I and III D) III and IV