The circular flow diagram divides the economy into:
a. Household sector and business sector.
b. Real sector and nominal sector.
c. Domestic sector and foreign sector.
d. Agricultural sector and non-agricultural sector.
e. None of the above is correct.
.A
Economics
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The political wisdom of choosing a tariff acceptable to the median U.S. voter is
A) a good example of the principle of the second best. B) a good example of the way in which actual tariff policies are determined. C) a good example of the principle of political negotiation. D) not evident in actual tariff determination. E) usually evident in actual tariff determination.
Economics
If the employer is only permitted to hire members of the labor union, the workplace is called a(n)
a. closed shop b. collective shop c. agency shop d. union shop e. open shop
Economics