The argument first used to protect the U.S. steel industry from foreign competition over a century ago was the
a. diversity of industries argument
b. antidumping argument
c. national security argument
d. retaliation argument
e. infant industries argument
E
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Given the behavior of the stock market in recent years:
A) most economists still think the efficient markets hypothesis is an accurate description of the daily behavior of the stock market B) most economists think the efficient markets hypothesis provides little insight into the behavior of the stock market C) most economists think the rational investor can outperform the stock market in the long run D) many economists still believe that it is unlikely that investors can hope to earn above-average returns in the stock market by following traditional strategies
Figure 5-10
In the indifference curve pictured in Figure 5-10, which of the following is clearly true?
a.
B is preferred to D.
b.
B is preferred to C.
c.
A is preferred to B.
d.
C is preferred to D.
A country's balance of payments records
A. the prices that a country pays for its imports and the prices that the country receives for its imports. B. the value of a country's holdings of foreign assets, minus the value of foreign holdings of the country's assets. C. capital gains and losses on a country's international assets. D. the flows of value between that country's residents and residents of the rest of the world during a period of time.
What are the definition and purpose of potential GDP?
What will be an ideal response?