Economists generally believe that bankruptcy laws are
A. counterproductive to a well-ordered society.
B. unnecessary but not counterproductive.
C. necessary and difficult to abuse.
D. necessary to motivate hard work but can be abused.
Answer: D
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If U.S. prices increase relative to the rest of the world, we would expect imports:
A. to increase and exports to fall. B. to decrease and exports to increase. C. as well as exports to increase. D. as well as exports to decrease.
ADC makes latex-free tubing for blood pressure instruments. This is
A. an output of ADC. B. an input into the production of health. C. both an input and an output. D. These concepts do not apply to this sort of product.
Keynesian economics includes the idea that
A. prices adjust to clear the markets. B. economic policies are ineffective. C. the economy is basically stable. D. labor markets don't always clear due to wage rigidities.
The short-run aggregate supply curve shifts because of changes in...
What will be an ideal response?