The petition of the candlemakers to the sun was written by _________________.
Fill in the blank(s) with the appropriate word(s).
Frederic Bastiat
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Two actions by the Fed during Alan Greenspan's term as chairman have been identified as possibly contributing to the financial crisis in 2008. Which of the following was one of those actions?
A) working in concert with the European Central Bank to stabilize the dollar / euro exchange rate B) financing the first Gulf War by printing money and generating rapid inflation C) decreasing the money supply to fight the possibility of disinflation D) the decision to keep the federal funds rate at 1 percent from June 2003 to June 2004
Total factor productivity growth is that part of economic growth due to
A) capital growth plus labor growth. B) capital growth less labor growth. C) capital growth times labor growth. D) neither capital growth nor labor growth.
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. After examining each country's production possibilities curve, it is clear that:
A. neither country will benefit from trade.
B. both countries can benefit from trade because absolute advantage exists.
C. both countries could benefit from trade because comparative advantage exists.
D. only Country A will benefit from trade.
A Guatemalan company exchanges quetzal (Guatemalan currency) for dollars and then uses the dollars to purchase construction equipment from a U.S. company. These transactions
a. increase Guatemalan net capital outflow, and increases U.S. net exports. b. increase Guatemalan capital outflow, and decreases U.S. net exports. c. decrease Guatemalan net capital outflow, and increases U.S. net exports. d. decrease Guatemalan net capital outflow, and decreases U.S. net exports.