NAFTA is an example of a multilateral approach to achieving free trade
a. True
b. False
Indicate whether the statement is true or false
True
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Some economists argue that discrimination based on race and sex cannot lead to persistent wage differentials. What is their argument?
What will be an ideal response?
Is inflation a macroeconomic or a microeconomic question? Why?
What will be an ideal response?
Low voter turnout occurs because:
a. many potential voters underestimate the effect of their one vote b. many potential voters see the costs of voting as greater than the benefits c. many potential voters don't realize how much they benefit from voting d. all of the above
In a monopoly, the price is set when the firm ______.
a. chooses the most profitable spot on the demand curve b. chooses the highest output on the supply curve c. is forced into the least profitable spot on the demand curve d. is forced into the lowest output on the supply curve