The essential-industry argument holds that industries with potential export capabilities should be protected.
a. true
b. false
b. false
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In the economy of Brightland, the commercial banks have deposits of $600 billion. Their reserves are $60 billion. All reserves are in deposits with the Central Bank and the commercial banks hold no excess reserves
There is $120 billion in Central Bank notes outside the banks, and there are no coins. a) What is the economy's monetary base? b) What is the quantity of money in the economy? c) Calculate the money multiplier. d) Suppose the Central Bank of Brightland undertakes an open market purchase of securities of so that the monetary base increases by $5 billion. By how much will the quantity of money change?
The key prediction of the Solow model adapted to include technological change ________ been born out, i.e. with a few exceptions convergence ________ a reality
A) has not, is not B) has not, is C) has, is not D) has, is
If MC > MR,
A. output should be reduced. B. marginal profit is positive. C. there are losses. D. output should be increased.
If the price elasticity of demand for a good is 1.4, then a 14 percent increase in the quantity demanded must be the result of
a. a 0.1 percent decrease in the price. b. a 1 percent decrease in the price. c. a 10 percent decrease in the price. d. a 19.6 percent decrease in the price.