A U.S. trade policy that restricts the sale of foreign goods in the U.S. market will
a. reduce the demand for U.S. export goods since foreigners will be less able to buy our goods if they cannot sell to us.
b. benefit producers in industries that export goods.
c. increase the nation's income since it protects domestic jobs.
d. enhance economic efficiency by allocating more resources to the areas of their greatest comparative advantage.
A
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Growth in real GDP per capita for the world economy was greatest during
A) the seventeenth century. B) the eighteenth century. C) the nineteenth century. D) the twentieth century.
Which of the government policies below is not likely to encourage per capita economic growth?
a. High taxes on companies that spend a lot on capital formation b. The use of tax revenues for investment and capital formation c. Special subsidies for capital-intensive forms of production d. Promotion of education and training programs for workers