What best defines active policymaking?
A. taking action to make markets more competitive so as to improve efficiency
B. taking action to increase long-term economic growth
C. taking action to offset a change in economic performance
D. taking action to make markets less competitive so as to improve equity
Answer: C
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All of the following are possible explanations for why it took so long for trade balances to respond to the depreciation of the dollar EXCEPT
A) the prior increase in the value of the dollar had padded the profit margins of foreign producers. B) foreign trade barriers made it impossible for the United States to substantially expand exports it bought. C) there were still impacts from earlier appreciations working through the system. D) exports began to increase from a much lower base than imports. E) None of the above. That is, A, B, C, and D are all correct.
The Vuvuza Corporation currently has 10 million shares of stock outstanding, the stock is trading for $42 per share, and its stock of capital goods is valued at $70 million
Based on the Tobin's q value for the Vuvuza Corporation, we would expect Vuvuza to A) increase its capital stock. B) depreciate more of its assets. C) issue more shares of stock to be able to afford to finance investment expenditures. D) cut back on current production.
A market which only allows only one firm to operate at lowest average cost is called a(n)
a. natural monopoly. b. scale industry. c. increasing returns industry. d. large scale industry.
A nation's currency consists of its
a. coins and Eurodollars b. paper money and checks c. coins and paper money d. paper money and Eurodollars e. coins and checks