The "mercantilists" whose views on economic systems carried considerable weight in Britain and Europe from the 1500s through the 1700s,
A) Favored trade but promoted restrictions on it that protect their narrow commercial interests
B) Favored trade but only in so far as importing items, not exporting
C) Were promoted by a variety of writers including David Hume
D) Promoted the idea of large landholdings with peasants tied to the land
Ans: A) Favored trade but promoted restrictions on it that protect their narrow commercial interests
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Saving is positive for all levels of disposable income
A) above zero. B) above where the consumption line intersects the 45-degree line. C) below where the consumption line intersects the 45-degree line. D) above where the consumption function intersects the vertical axis. E) above autonomous consumption.
The percentage of births to unwed mothers has been rising at a faster rate for whites than for blacks since 1960
Indicate whether the statement is true or false
When a nation's currency suddenly loses value, the ________ may step in to buy the afflicted currency
A) World Bank B) International Monetary Fund C) Federal Reserve Bank D) United Nations
Attractive industries have all the following attributes, except
a. High supplier power b. Low buyer power c. High entry barriers d. Low rivalry