What are some of the solutions for a hold-up problem?
a. Mergers
b. Contracts
c. Exchange of ‘hostages'
d. All the above
d
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The extremely rapid _____________ of foreign capital from the flow of international trade can plunge an economy into deep recession.
a. introduction b. departure c. increase d. stalling
If you double input, output less than doubles.
What will be an ideal response?
Macroeconomics deals with ________ while microeconomics deals with ________
A) choices important to people; choices not important to people B) economywide choices; choices of individuals C) choices that involve money; choices that does not involve money D) choices of rich people; choices of poor people
The purpose of a restrictive monetary policy is to:
A. alleviate recessions. B. raise interest rates and restrict the availability of bank credit. C. increase aggregate demand and GDP. D. increase investment spending.