Which of the following factors makes the success of economic integration more likely?
(a) Nationalism.
(b) Desire for prestige projects.
(c) Diverse economic systems.
(d) All of the above.
(e) None of the above.
E
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Describe how a central bank can increase aggregate demand by influencing expectations
What will be an ideal response?
Which of the following is NOT a positive statement?
A) The unemployment rate is 5.8 percent. B) The inflation rate for 2002 was 2.3 percent. C) The national debt is too high. D) The federal government budget for 2004 is $2.2 trillion.
In a nation's balance of payments, the current account includes
A) the changes in the official reserve transaction account. B) the purchases of foreign assets. C) the balance of the trade account, the balance of the services account, and net unilateral transfers. D) all of the above.
The fact that roughly 70 percent of Americans are overweight speaks to the argument of behavioral economists that people lack complete ______.
a. appreciation for the present b. belief in traditional economics c. control over themselves d. knowledge of the market