In 2009, the U.S. economy was experiencing a(n)
a. recessionary gap.
b. inflationary gap.
c. balance of trade deficit.
d. hyperinflation.
a
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Refer to Table 11.1. What is the value of net exports or the trade balance?
A) $300. B) -$300. C) $1,700. D) -$1,700.
Which of the following represents a potential solution to the problem of environmental pollution?
a. corrective taxes b. well established property rights c. government regulation d. All of the above are correct.
The influential book written by Adam Smith was:
A. The Wealth of Nations. B. The Age of the Economist. C. The Affluent Society. D. Capitalism and Freedom.
The 2010 health-care reform law commonly known as Obamacare required large companies to provide costly health insurance to their full-time workers. In response, some large companies started preferring to employ part-time workers rather than full-time employees. This is an example of:
A. Unintended consequences B. The principal-agent problem C. Special-interest effect D. Limited and bundled choice