Which of the following exemplifies a cause of increased international trade?
a. The Canadian government imposed new tariffs on imported maple syrup, whiskey, and ketchup.
b. Modern shipping containers eliminate the need to unload and reload goods at each point of transfer.
c. Small Business Saturday encourages holiday shoppers to patronize local brick-and-mortar stores.
d. Green economic initiatives stress the benefits of pursuing environmental and social sustainability.
b. Modern shipping containers eliminate the need to unload and reload goods at each point of transfer.
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Appendix: Winning an auction can be exhilarating, but it can also lead to doubt as to whether you did the right thing or not. This is called:
a. The regret effect. b. Moral hazard. c. Second wind. d. The winner's curse.
Refer to the below table. The rise in percentage of income received from before taxes and transfers to after taxes and transfers is greatest for the:
A. Lowest 20% of households
B. Third 20% of households
C. Fourth 20% of households
D. Highest 20% of households