Focusing on how people actually behave is the main motivation behind ________ economics.

Which of the following would result from a tariff?

a. An increase in government budget deficit b. An increase in domestic production c. A greater volume of international trade d. Increased domestic consumption e. Decrease in prices of the imported goods

An understanding of the best ways to produce goods and services is called

a. human capital. b. physical capital. c. technology. d. productivity.