The reason why economists do not use experimental data more frequently is for all of the following reasons except that real-world experiments
A) cannot be executed in economics.
B) with humans are difficult to administer.
C) are often unethical.
D) have flaws relative to ideal randomized controlled experiments.
Answer: A
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Industries that are truly critical to the national defense should be protected from foreign competition if that is the only way to ensure their existence
a. True b. False Indicate whether the statement is true or false
Imports are the goods and services that are produced abroad and then purchased domestically
a. True b. False Indicate whether the statement is true or false
Net exports include goods produced:
A. domestically that are sold domestically, less goods produced domestically that are sold abroad. B. domestically that are sold abroad, less goods produced domestically that are sold domestically. C. domestically that are sold abroad, less goods that are produced abroad that are sold domestically. D. abroad that are sold domestically, less goods that are produced domestically that are sold abroad.
If property rights are not well enforced, all of the following are likely to occur except
A) fewer goods and services will be produced. B) economic efficiency will be reduced. C) an economy will produce inside its production possibilities frontier. D) a significant number of people will be willing to risk their funds by investing them in local businesses.