A tax imposed by the U.S. government on imported Chinese frozen shrimp would be an example of
A. a voluntary restriction.
B. a quota.
C. a tariff.
D. a regulatory trade restriction.
Answer: C
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Compared to the 19th century, the population of the 20th century
(a) was largely urbanized. (b) was 3.7 times larger in number. (c) experienced a 63 percent increase in life expectancy at birth. (d) can be described by all of the above.
Which of the following addresses agency costs?
a. advertising for employee positions in as many outlets as possible b. requiring employees to punch time clocks c. instituting longer work days d. reducing the number of holidays
U.S. exports of services were equal to about ____________ of U.S. exports of goods in 2014, compared to ________ in 1980.
a. one-half; one-fourth B. one-half; one-third c. one-half; one-fifth d. one-half; one-eighth
The extent to which a given change in investment affects aggregate demand depends:
a. on the change in interest rate. b. on the size of the spending multiplier. c. on the change in money supply. d. on the change in investment.