Economists generally support

a. trade restrictions.
b. government management of trade.
c. export subsidies.
d. free international trade.

d

Economics

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Rebecca, a citizen of U.S., imported a watch from Switzerland. This transaction leads to a(n) ________

A) increase in the GNP of U.S. B) increase in the GDP of Switzerland C) decrease in the GDP of Switzerland D) increase in the GDP of U.S.

Economics

L-shaped isoquants imply that production requires that the inputs

A) are perfect substitutes. B) are imperfect substitutes. C) cannot be used together. D) must be used together in a certain proportion.

Economics