The two main reasons why international trade is restricted is because restricting trade means that governments can ________ and because domestic businesses ________
A) create jobs; earn profits
B) obtain revenue; rent seek
C) rent seek; want to dump
D) prevent dumping; want to dump
E) rent seek; obtain revenue
B
Economics
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Growth accounting is a method which measures the contributions to economic growth from what three factors?
What will be an ideal response?
Economics
If the percentage change in the quantity of teapots demanded is greater than the percentage change in the price of teapots, then
A) the price elasticity of demand for teapots is greater than 1 in absolute value. B) the demand for teapots is unit elastic. C) the price elasticity of demand for teapots is less than 1 in absolute value. D) the price elasticity of demand for teapots is equal to zero.
Economics