Which of the following is an objective of fiscal policy?
A) high rates of economic growth
B) discovering a cure for AIDs
C) energy independence from Middle East oil
D) health care coverage for all Americans
E) homeland security
A
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Most t-shirts bought by Americans are made in Asia. Producers in Asia making t-shirts trade with America because they
A) cannot produce enough t-shirts for their own domestic consumption. B) receive a higher price than they would receive from another buyer. C) cannot lower their price any lower and still make a profit. D) must export something to the United States. E) receive a lower price than they would receive from another buyer.
A movie shown on a pay-per-view cable station is an example of
A) an excludable and rival good. B) a nonexcludable and rival good. C) an excludable and nonrival good. D) a nonexcludable and nonrival good.