Author: Anonymous

Regarding increasing productivity, factor mobility is

The GDP of the United States includes production by foreign-owned firms that are located in the United States.

The federal income tax system is regressive.

In economics, a public good

If production in the economy is efficient, then changes in market prices

In economics, a public good

An inflation goal set at a low rate but greater than zero allows all of the following except

Governments usually build highways because it is difficult to exclude individuals who don’t pay for the highways from using them. What type of market failure is involved?

If a nation experiences a year of unusually high immigration that increases the size of the labor force, we can conclude that the

An inflation goal set at a low rate but greater than zero allows all of the following except