Which of the following can reduce the number of cars imported?
A) a tariff
B) a quota
C) a ban
D) All of the above.
D
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Using Scenario 2 suppose Bill has eliminated one of the answers but is unsure of which of the remaining four answers are correct. Determine whether it is rational for Bill to guess
What will be an ideal response?
With the assumption that some voluntary exchanges that would make both parties better off are somehow being blocked, we have the basis for a ________ macroeconomic model, such as those constructed by ________ economists
A) non-market-clearing, New Keynesian B) non-market-clearing, New Classical C) market-clearing, New Keynesian D) market-clearing, New Classical
Which of the following is most important if a country is going to achieve and sustain rapid economic growth?
What will be an ideal response?
A decrease in cyclical unemployment will
A) shift the short-run Phillips curve to the left. B) shift the long-run Phillips curve to the left. C) decrease the natural rate of unemployment. D) All of the above are correct. E) None of the above is correct.