Tariffs and quotas:
A. benefit producers of protected products but harm domestic consumers.
B. benefit both producers of protected products and domestic consumers.
C. benefit neither producers of protected products nor domestic consumers.
D. benefit domestic consumers at the expense of producers of protected products.
A. benefit producers of protected products but harm domestic consumers.
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Which of the following does NOT contribute to the choice of a policy of hyperinflation?
A) war B) increased price of energy paid to foreigners C) price of export commodities increase D) diminished ability to collect taxes
Equities is to ________ as bond is to ________
A) ownership; debt B) fairness; constraint C) stock; asset D) banks; exchanges
The term “recession” refers to a
a. period of decline in real GDP over two consecutive quarters. b. fall in the general level of real wages over two consecutive quarters. c. fall in the CPI over two consecutive quarters. d. fall in the rate of increase of real per capita GDP.
The prisoner's dilemma is a game in which the gains from cooperation are smaller than the rewards from pursuing self-interest
a. True b. False Indicate whether the statement is true or false