The governments of some nations answer the question of what to produce to
a. enhance free trade
b. control the economy
c. make people dependent on the government.
d. make the economy worse
Ans: b. control the economy
You might also like to view...
What is consumer surplus? Why would policy makers be interested in consumer surplus?
What will be an ideal response?
The Policy Trilemma states that a country or a monetary union can't pursue the following three policies at the same time
A) capital control, a fixed exchange rate, and an independent monetary policy. B) free capital mobility, a fixed exchange rate, and an independent monetary policy. C) free capital mobility, a flexible exchange rate, and an independent monetary policy. D) capital control, a flexible exchange rate, and an independent monetary policy.
Because there is a trade-off between inflation and unemployment in the short run,
a. lower unemployment will typically cause inflation to fall. b. policies designed to reduce unemployment will typically set off a recession. c. policies designed to reduce inflation will cause unemployment to fall as well. d. higher inflation will generally be associated with higher unemployment. e. lower inflation will generally be associated with higher unemployment.
Other things the same, bonds are likely to have higher interest rates if they have
a. tax exemptions and short terms. b. tax exemptions and long terms. c. no tax exemptions and short terms. d. no tax exemptions and long terms.