A technique for implementing industrial policies that probably worsened the effects of the 1997 crisis was
A) directed credit.
B) protection from imports.
C) export subsidies.
D) research subsidies.
E) quotas.
A
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When incorporating labor-augmenting technological change into the Solow growth model, the focus is on
A) capital per worker and output per worker. B) capital per effective worker and output per worker. C) capital per worker and output per effective worker. D) capital per effective worker and output per effective worker.
The multiplier effect of a tax cut is ______ the multiplier effect of an equal amount of government spending.
a. less than b. the same as c. a little more than d. much more than
Demand shocks:
A. refer to unexpected changes in the desires of households and businesses to buy goods and services. B. refer to unexpected changes in the ability of firms to produce and sell goods and services. C. always have a negative impact on the economy. D. cause fewer short-run fluctuations than supply shocks.
Figure 11-5
Crown Theater is the only movie theater in the city. Its cost and revenue curves are shown in Figure 11-5. Monopolist Crown Theater would set the price of its tickets at
A. $7.50. B. $6.00. C. $4.50. D. $3.00.