Refer to Figure 16.3. A shift from AS1 to AS2 could be caused by

A. An increase in immigration restrictions.
B. A decrease in tariffs on imported goods.
C. An increase in OSHA regulations.
D. An increase in environmental regulations.

Answer: B

Economics

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If GDP is expected to increase at a steady rate of 3% per year, how many years would it take for living standards to double?

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A tradable permit is an example of command-and-control regulation

a. True b. False Indicate whether the statement is true or false

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