The United States is one of the least “marketized” economies in the world.
Answer the following statement true (T) or false (F)
False
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The public choice model asserts that the self-interest of policymakers is likely to cause them to take actions that are inconsistent with the preferences of voters, even where those preferences are clear
Indicate whether the statement is true or false
Assume that the central bank purchases government securities in the open market. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real GDP and current international transactions in the context of the Three-Sector-Model?
a. Real GDP rises, and current international transactions become more positive (or less negative). b. Real GDP rises, and current international transactions become more negative (or less positive). c. Real GDP and current international transactions remain the same. d. Real GDP rises, and current international transactions remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
As of 2015, the federal budget deficit was about ________ of GDP, and ________ of the deficit came from interest payments on federal debt.
A. 50 percent; almost none B. 50 percent; almost all C. 2.5 percent; almost all D. 2.5 percent; about half
Explain why a government would impose an import tariff when domestic consumers suffer more than producers gain
What will be an ideal response?