If the United States imposes a tariff on the import of Japanese cars instead of a quota, the price
A. increase in Japanese cars goes into the revenue of U.S. automakers.
B. increase in Japanese cars goes into the revenue of Japanese automakers.
C. increase in Japanese cars goes into the revenue of the U.S. government.
D. decrease in Japanese cars comes out of the revenue of U.S. automakers.
E. decrease in Japanese cars comes out of the revenue of the U.S. government.
Answer: C
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(a) Division of labor (b) Production of standardized products (c) The use of mass production techniques (d) There is no "except"; all of the above apply
Which one of the following would be classified as employed?
a. a parent who works 50 to 60 hours per week caring for family members b. an construction worker vacationing in Florida who is on layoff due to bad weather conditions in his home state c. a 21-year-old full-time college student d. a 17-year-old high school student who works a newspaper route six hours per week