23. Why does the government force certain industries to comply with environmental regulations? 0 to reduce the cost of goods for consumers O to reduce barriers to entry into the industries 0 to make sure that no company can develop into a monopoly O to make sure companies bear the cost of their own pollution 27. Rapid improvements in technology MOST often contribute to which type of unemployment? O classical unemployment O cyclical unemployment O frictional unemployment O structural unemployment 34. What barrier to trade Imposes restrictions on the import ot goods based on the manner In which the goods were manufactured? O a quote 0 a standard 0 a tariff 0 an embargo 24. What incentive d0 higher prices present in a free market economy? 0 They tend to eliminate competition. 0 They tend to stimulate demand. 0 They tend to stimulate supply. 0 They tend to create scarcity. 29. Which tom of debt usually carries the highest interest rate? 0 home mortgages 0 credit card debt 0 business credit lines 0 automobile loans 35. One party has a comparative advantage over other parties in producing a given good when It can produce the good at the 0 lowest opportunity cost. 0 greatest rate. 0 greatest efciency. 0 lowest absolute cost. 25. What is a characteristic of entrepreneurs? 0 an unwillingness to accept risks 0 a willingness to accept risks 0 a high level of productive efciency 0 a low level of productive efciency 32. Read the passage. Then answer the question that follows. In 2013. the United States negotiated a new trade deal with Japan in the hope of increasing US rice manufacturers' access to the valuable Japanese consumer market. The Japanese increased the amount of rice that it would import at a low import tax rate to 682,000 metric tons, while any rice imported from the United States over that amount would be subject to a much higher import tax. This trade policy represents the implementation of a combination of what two types of economic barriers to trade? 0 subsidies and a quota C) an embargo and standards 0 tariffs and a quote 0 subsidies and standards 38. What is marginal cost? 0 the additional effort and resources needed to produce one additional unit of a good or service 0 the price at which consumers are willing to purchase one unit of a good or service 0 the additional positive value a person receives from consuming one more unit of a good or service 0 the price at which producers are willing to sell one unit of a good or service