The United States accounts for more than 50 percent of world production.

Countervailing duties are intended to neutralize any unfair advantage that foreign exporters might gain because of foreign

A) tariffs. B) subsidies. C) quotas. D) Local-Content legislation. E) comparative advantage.

Gradual adjustment of prices and wages to an increase in the aggregate demand curve implies that the aggregate supply curve is:

a. horizontal. b. vertical. c. upward sloping but not vertical. d. downward sloping.