One reason a computer manufacturer may produce its own microchips rather than buy them is that it can maintain control over production quality
a. True
b. False
A
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According to public choice theory, a more democratic country:
A) can eliminate rational ignorance so that politicians can focus on policies that promote economic growth. B) have a higher living standard without policies to promote economic growth. C) will have more policies that promote economic growth because it has a larger share of population that is brought into power. D) will have more policies that promote economic growth because a small elite is more efficient in making policy decisions.
If a country has a net capital inflow, it means they have:
A. more exports than imports. B. a trade deficit. C. a trade surplus. D. more capital goods flowing into their country than out of it.
In 2017, President Trump's major tax cut included a cut in the corporate tax rate from:
A. 35 to 22 percent. B. 29 to 24 percent. C. 48 to 23 percent. D. 50 percent to zero.
If you liquidate $3,000 of your money market mutual fund and transfer the funds to your checking account, then initially, M1 will ________ and M2 will ________
A) not change; decrease B) increase; decrease C) increase; not change D) not change; not change