Author Question: An American farmer sells produce to an individual living in Bermuda. To Americans, the produce is ... (Read 217 times)

rosent76 · **on:** Jun 29, 2018

An American farmer sells produce to an individual living in Bermuda. To Americans, the produce is a(n)

A) import.
B) export.
C) quota.
D) tariff.

Question 2

Which of the following statements is an example of normative economic analysis?

A) Pollution regulations have raised the cost of production for energy companies.
B) As the wage rate increases, companies are hiring fewer workers.
C) Improvements in technology have reduced the time needed to manufacture automobiles.
D) Tablet computers should be manufactured in countries that do not restrict internet access to their citizens.