The Foreign Corrupt Practice Act (FCPA) is a ________ anti-corruption law that prohibits the bribery of ________.
A) United Kingdom; foreign officials
B) United Kingdom; foreign officials and private citizens
C) United States; foreign officials
D) United States; foreign officials and private citizens
C) United States; foreign officials
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If nominal Gross Domestic Product (GDP) in 2001 was $1 trillion, nominal Gross Domestic Product (GDP) in 2020 was $2 trillion, and the 2001 and 2020 price indexes were 100 and 250 respectively
A. we cannot draw any conclusions about changes in real Gross Domestic Product (GDP). B. real Gross Domestic Product (GDP) remained constant. C. real Gross Domestic Product (GDP) increased between 2001 and 2020. D. real Gross Domestic Product (GDP) decreased between 2001 and 2020.
Which of the following is a reason why government is a participant in a market-oriented economy?
a. to enforce contracts and protect private property b. to promote collusion c. to promote the growth of natural monopolies d. to provide more inequality in the distribution of income e. all of the above
Procyclical policy:
What will be an ideal response?
Which of the following is a microeconomic question?
A. Should companies pay for employees' health insurance? B. Why do some countries have higher economic growth rates than other countries? C. Should Congress and the president take action to reduce the unemployment rate? D. Should the Fed attempt to influence the interest rate to control potential inflation?