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.
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
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.