Under the gold standard, if the demand for U.S. goods increased, which of the following would happen?
A) Gold would flow into the United States.
B) The U.S. monetary base would decline.
C) Prices in the United States would fall.
D) The United States would experience a balance of trade deficit.
A
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If two players engaged in a prisoner’s dilemma game are likely to repeat the game, they are more likely to cooperate than if they play the game only once.
a. True
b. False
Indicate whether the statement is true or false
A policy maker who is concerned that the unemployment rate is too high would ________.
A. use tariffs to reduce imports and increase net exports B. increase the minimum wage C. decrease government spending D. increase taxes
Which of the following situations will arise in the domestic market following the imposition of an import ban?
A) imports decrease, domestic production increases, prices increase B) imports increase, domestic production increases, prices increase C) imports increase, domestic production decreases, prices decrease D) imports decrease, domestic production increases, prices decrease
When the level of unplanned inventory investment is equal to zero, the economy is
A) in disequilibrium. B) in a recession. C) in equilibrium. D) overheating