Which of the following is used to measure market structure and performance?
A. Dansby-Willig Performance index
B. Four-firm concentration ratio
C. HHI (Herfindahl-Hirschman index)
D. All of the answers are correct.
Answer: D
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One of the strongest arguments against active stabilization policy is
A. that recognition lags make timely intervention very difficult. B. the economy corrects itself very slowly. C. the inability of economic theory to suggest appropriate policy. D. the difficulty of obtaining agreement on monetary policy.
The fourth stage in the regulatory process is
A) a crisis. B) response by the financial system. C) regulation. D) regulatory response.
If planned aggregate expenditures are $240 billion, consumption is $140 billion, investment is $70 billion, government spending is $50 billion, there is a
A. trade surplus of $20 billion. B. trade deficit of $20 billion. C. trade balance. D. trade deficit of $10 billion.
How did the gold standard help countries rectify the balance of payment problem? What were the problems associated with the gold standard?
What will be an ideal response?