Refer to Figure 9-2. Without the tariff in place, the United States consumes
A) 9 million pounds of rice. B) 15 million pounds of rice.
C) 31 million pounds of rice. D) 42 million pounds of rice.
D
Economics
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If the demand for labor increases
I. employment increases. II. the real wage rate increases. A) Only I is correct. B) Only II is correct. C) Both I and II are correct. D) Neither I nor II is correct.
Economics
Which of the following statements about an entrepreneur is false?
A) An entrepreneur sells his entrepreneurial services in the output market. B) An entrepreneur develops the vision for the firm and funds the producing unit. C) An entrepreneur risks the personal funds provided. D) An entrepreneur organizes the other factors of production into a working unit.
Economics