When restrictions alter the pattern of international trade, the _____ benefit and the _____ suffer(s)
a. domestic consumers; domestic producers
b. domestic consumers; government
c. domestic producers; domestic consumers
d. foreign producers; domestic producers
e. foreign producers; domestic consumers
c
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Which of the following can be classified as a highly specific asset?
a. A country's soldiers b. A wind turbine in an installation that produces "renewable" electricity c. A cattle farm d. A cruise ship
The efficient level of pollution abatement is greater
a. The higher the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function. b. The higher the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function. c. The lower the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function. d. The lower the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function.
Keynesians and supply-siders both agree that the government can take steps to reduce both the unemployment rate and the inflation rate
Indicate whether the statement is true or false
Most economist agree that money changes real GDP in both the short and long run
a. True b. False Indicate whether the statement is true or false