An index number is important only in a relative sense -- in comparison to an index number from another period

Restrictions on imports

A) usually have no permanent effects on an economy. B) is the best way to increase exports. C) protect United States jobs. D) eventually reduce exports.

Which of the following would be considered a factor of production in the provision of bus service?

A. The amount it costs to provide bus service between two locations. B. The hourly wage paid to bus drivers. C. The revenue from the sale of bus tickets. D. Bus drivers.