Governments promote long-run inflation when they depend on ________ to finance their expenditures
A) issuing bonds
B) taxation
C) raising the national debt
D) money creation
E) selling off assets
D
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According to the graph shown, producing 14 units:
A. is not as profitable as producing 11 units.
B. will earn negative profits.
C. will earn more profits than producing 9 or 11 units.
D. will earn zero profit.
Which of the following is not an argument against free trade?
A. Diversification and defense B. Comparative advantage C. Dumping by monopolistically inclined exporters D. Infant industries
Investment spending is sensitive to interest rates.
Answer the following statement true (T) or false (F)
A cartel is likely to last longer if
A. market prices vary more over time. B. there are more firms in the industry. C. more new firms enter the market. D. the profits of participating members are relatively stable.