The use of an absorption instrument allows a government to
A) increase or decrease national absorption.
B) change the balance between imports and exports.
C) alter the balance of payments with a specific country.
D) reduce the influence of domestic absorption on exchange rates.
A
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The first Fed chair to hold a press conference was:
A) Paul Volcker B) Alan Greenspan C) Ben Bernanke D) Mario Draghi
Cartels can more easily detect cheating by cartel members if the products sold by each member are largely homogeneous
As product quality varies, the observed prices charged by cartel members may be due to differences in the products, or they may be due to cheating. Which of the following goods would more difficult to monitor for potential cheating? A) Aluminum ingots B) Industrial concrete C) Steel beams D) Luxury yachts
Between 1986 and 2010, the top marginal personal income tax rate was 40 percent or less compared to 70 percent or more prior to 1981 . Compared to the earlier time period, in recent years the share of personal income taxes paid by high income taxpayers
a. has been lower. b. has been virtually unchanged. c. has been higher. d. increased in the late 1980s, but has been falling ever since.
The famous historical example of the commitment strategy used by Cortes against the Aztecs is sometimes referred to as:
A. "friendly fire." B. "burning your boats." C. "putting all your eggs in one basket." D. "burning your bridges."