In reaction to the passage of the Smoot-Hawley Tariff, Canada as well as many other U.S. trading partners
A) enacted large increases in tariffs on U.S. imports.
B) eliminated tariffs on U.S. imports.
C) refused to export any products to the United States.
D) refused to import any products from the United States.
Answer: A
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If basic literacy promotes a consistency of individual and social goals
a. social returns exceed private returns b. private returns exceed social returns c. the individual's income will rise d. people should pay the full cost of their education e. costs of education will be low
Gerhardt is a bicycle mechanic, and he can repair 6 bikes a day at a market price of $25.00 . If he can't find any bike shop to hire him,
a. the wage rate must be more than $150 per day. b. the wage rate must be less than $25 per day. c. then Gerhardt's marginal revenue product must be negative. d. the wage rate must be less than $150 per day. e. then Gerhardt's marginal product must be negative.