MCQs: Which of the following statements supports deregulation of industries ?
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MCQs: New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning used was that this would ?
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MCQs: According to the Laffer curve, as tax rates increase tax revenue ?
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MCQs: According to Supply-side economists. if taxes are cut so that people have an increased incentive to work and businesses have an increased incentive to invest ?
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MCQs: A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work, save and invest. These economists are?
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MCQs: According to the factor price equalization theorem, the ________ factor should oppose free. trade policies in any given country?
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MCQs: By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?
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MCQs: Advocates of industrial policy maintain that government should ?
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MCQs: According to the Heckscher-Ohlin model ?
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MCQs: In his empirical test of comparative advantage Wassily Leontief found that ?
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MCQs: The Heckshcer-Ohl assumes that are indentical between countries?
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MCQs: One of the predictions of the Heckscher-Ohlin model is that ?
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MCQs: If tastes are identical between countries, then comparative advantage is determined by ?
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MCQs: Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of ?
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MCQs: The product cycle theory of trade is essentially a ?
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MCQs: The Heckscher-Ohl in model rules out the classical model’s basis for trade by assuming that _________ is (are) identical between countries?
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MCQs: Declining costs per unit of output results from international trade especially if ?
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MCQs: Dynamic comparative advantage theory ?
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MCQs: That the division of labor is limited by the size of the market best applies to which explanation of trade ?
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MCQs: _____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?
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