The law that created the high level of tariffs in United States in the 1930s is
A) the GATT Act.
B) the World Trade Act.
C) the Smoot-Hawley Act.
D) the Tariffs Agreement Act.
C
Economics
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Which of the following costs may provide barriers to entry in a market?
A) High research and development expenditures B) License fees C) Sunk costs associated with specialized facilities D) all of the above
Economics
Because resources are scarce relative to wants, the study of economics concerns
A) how money is important to people. B) how individuals, businesses, and governments make choices. C) how money is used to buy what people want. D) None of the above are correct.
Economics