One lesson of business:
a. is tracing the consequences of a policy
b. promoting a policy change to eradicate inefficiencies.
c. moving assets from lower to higher value uses, thereby creating wealth.
d. None of the above
c
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Monetarism is a school of thought put forth by Milton Friedman. He argued that the economy would most likely
A) be unstable. B) be at potential GDP. C) be above potential GDP. D) be below potential GDP.
Which of the following is false?
A. For bond buyers, the higher the yield the better it is for them. B. For bond buyers, the higher the price of the bond the better it is for them. C. For bond buyers, the lower the yield the worse it is for them. D. The term yield on a bond is the same as the term interest rate on a bond.
When one applies the Heckscher-Ohlin model of trade to the issue of trade-related income redistributions, one must conclude that North South trade, such as U.S.-Mexico trade,
A) must help low skill workers on both sides of the border. B) is likely to hurt high-skilled workers in the U.S. C) is likely to involve higher overall national economic gains that will be greater than any harm done to low-skilled workers in the U.S. D) is likely to hurt low-skilled workers in Mexico. E) gives no advantage to the workers in either country.
The price system eliminates scarcity
a. True b. False Indicate whether the statement is true or false