Protectionist policies include all of the following EXCEPT
A. tariffs.
B. currency appreciation.
C. regulatory barriers.
D. quotas.
Answer: B
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In the absence of a Ricardo-Barro effect, a government budget deficit ________ the demand for loanable funds and ________ investment
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
How does inclusion of the current revenues and expenditures of the Social Security trust fund into the budget calculation affect the reported budget deficit of the federal government?
a. It increases the reported deficit. b. It reduces the reported deficit. c. It exerts no effect on the reported deficit. d. It increases the deficit during an economic boom but reduces it during a recession.
The national debt
a. can be paid off without major economic effects b. need never be paid off c. is no more serious a problem than is a corporation's debt d. should not exist during a period of economic prosperity e. is the simple sum of post budget deficits
In a perfectly competitive industry, an individual firm faces
A. a perfectly elastic labor supply curve. B. a perfectly inelastic labor supply curve. C. a perfectly vertical labor supply curve. D. none of these.