Which of the following was NOT an argument in favor of the United Kingdom (UK) leaving the European Union (EU)?
A. Proponents of leaving wanted greater control over immigration.
B. Proponents of leaving believed the UK paid a disproportionate share of membership fees.
C. Proponents of leaving wanted greater access to markets in the other EU member countries.
D. Proponents of leaving stressed that the UK needed to reestablish British sovereignty.
Answer: C
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Which of the following is NOT an important factor affecting economic growth?
A) the rate of growth of capital B) the rate of saving C) the rate of growth in labor productivity D) the growth of leisure
Assuming that opportunity costs are constant, which of the following is a correct statement? (See the above table.)
A) The United States has a comparative advantage in bicycle production. B) The United States has a comparative advantage in producing both goods. C) Mexico has a comparative advantage in producing bicycles. D) Mexico has a comparative advantage in producing both goods.