Which of the following correctly identifies a difference between land and capital?
A) Land can be owned or rented by a firm, whereas capital cannot be owned.
B) Capital can be owned or rented by a firm, whereas land cannot be owned.
C) Land is created, whereas capital is a naturally occurring resource.
D) Capital is created, whereas land is a naturally occurring resource.
Question 2
The figure above shows that as a result of the tariff, the quantity of T-shirts produced in the United States ________, and the quantity of T-shirts imported ________.
A) increases by 15 million per year; decreases by 30 million per year
B) increases by 15 million per year; increases by 15 million per year
C) decreases by 15 million per year; decreases by 30 million per year
D) decreases by 30 million per year; increases by 30 million per year
E) does not change; decreases by 15 million per year
For millions of people, the United States represents a land of opportunity and freedom from ...
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