Which of the following is typically NOT an argument used for keeping the U.S. trade embargo with Cuba intact?
A) There is not much economic potential from trade given Cuba's small population and low per capita income.
B) Removal of the embargo will cause much more Cuban immigration to the United States.
C) If the Cuban economy is weakened just a bit more, the Cuban political-economic system cannot be sustained.
D) There will be a backlash among countries supplying such commodities as sugar to the United States if the U.S. buys them from Cuba instead.
B) Removal of the embargo will cause much more Cuban immigration to the United States.
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When the government's outlays equal its tax revenue, the budget
A) has a deficit and the national debt is increasing. B) has a deficit and the national debt is decreasing. C) is balanced and the national debt is not changing. D) has a surplus and the national debt is decreasing. E) has a surplus and the national debt is increasing.
Firms do NOT use microeconomic models to
A) determine what inputs will be used for production. B) determine whether they should advertise in the newspaper or on the radio. C) strategically raise profits over competitors. D) None of the above.