When it comes to active policymaking most economists agree that
A. it is likely that active policymaking will have long term effects on the economy.
B. active policy making should be used over passive policymaking.
C. it is unlikely that active policymaking will have any long term effects on the economy.
D. it will lead to long term shocks in the system.
Answer: C
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Since the 1970s, unemployment rates in the United States have generally been
A. lower than in Europe. B. higher than in Europe. C. about the same as in Europe. D. not compared to Europe, since unemployment is not present in Europe.
For country A, an export is a good produced in
A) country B and purchased by residents of country A. B) country A and purchased by residents of country A. C) country B and purchased by residents of country B. D) country A and purchased by residents of country B.
Before 1980, most U.S. corporations raised funds
A) in U.S. stock and bond markets or in foreign capital markets. B) in U.S. banks or in foreign capital markets. C) in U.S. stock and bond markets or in U.S. banks. D) in U.S. and foreign banks.
General equilibrium considerations lead to the realization that import-substituting policies have the effect of
A) discouraging exports. B) encouraging exports. C) encouraging an efficient use of a country's resources. D) generating large tariff revenues for the government. E) creating competitive manufacturing sectors.