Which of the following countries has the largest market for domestic bonds?
A) United Kingdom
B) United States
C) Japan
D) China
B) United States
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Who is likely to be in favor of a country that would be a net-exporter if it moved from autarky to free trade?
A. Foreign governments. B. Domestic producers C. Domestic consumers D. Foreign producers
There would be some control over price within rather narrow limits in which market model?
A. Monopolistic competition B. Pure competition C. Pure monopoly D. Oligopoly
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
A good is path dependent when
A) it can only be used in one way. B) people who move location follow the path of people who moved before them. C) consumers get utility from consuming goods that others are consuming, such as restaurants. D) the first technology that was adopted has an advantage over a better technology that came later.