Developing countries
a. do not benefit from foreign aid
b. do not benefit from private investment
c. generate less than half of their annual flow of foreign exchange from exports
d. must acquire foreign exchange in order to pay for imports
e. need to decrease labor productivity
D
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Of the types of business organizations in the United States, corporations account for ________ percentage of firms and ________ percentage of profits
A) smallest; neither the largest nor smallest B) neither the largest nor smallest; the largest C) the smallest; the largest D) the largest; the largest
If the government created a surplus of an agricultural product due to price supports, how might they dispose of this surplus?
A) give it away to a foreign country B) purchase it and store it away C) have the farmer destroy the crop D) Any of these answers might be a successful tool in disposing of agricultural surpluses.
The money supply contracts when the Fed
a. replaces old worn-out notes and bills. b. borrows from the Treasury. c. sells government securities. d. purchases stocks from corporate businesses.
Why do many economists argue that modern macroeconomics began in the 1930s during the Great Depression?
a. The Great Depression disproved many of the concepts of traditional microeconomics, necessitating the growth of a new field of theory. b. The devastating effects of the Great Depression drove economists to discover ways to mitigate unemployment through economic policy. c. Macroeconomics developed as a way to capture growing interest in economics, previously an obscure field of study, following the Great Depression. d. Before the Great Depression, unemployment had little impact on national economies, and macroeconomic principles were largely inapplicable.