Which of the following scenarios would be considered an investment according to economists?
A. The owner of a fishing company buys Google shares.
B. The owner of a fishing company buys new fishing gear.
C. The owner of a fishing company buys fuel to run the boats.
D. A fishing company buys a few boats from another fishing company that was shutting down.
Answer: B
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If there is an inflationary gap, what is the proper monetary policy to restore price stability? What actions can the Fed undertake to restore price stability?
What will be an ideal response?
What is the only policy instrument the Fed really can control directly and precisely?
A) short-term interest rates B) the money supply C) high-powered money D) corporate tax rates
The Smoot-Hawley Tariff Act of 1930, like any tariff act, increased the price of the taxed imported goods as well as the domestic price of U.S. goods and services produced in the industries favored by the tariff
Consequently, any tariff negatively impacts U.S. consumers by forcing them to pay higher prices. Indicate whether the statement is true or false
Domestic firms often claim that foreign firms have an unfair advantage because foreign workers are willing to work for very low wages
a. True b. False Indicate whether the statement is true or false