How do liberals believe globalization affects poor countries?
a. makes them wealthier and more able to provide services
b. prevents them from playing a role in the financial system
c. leaves them at the mercy of powerful neighboring countries
d. robs them of all their natural resources
a. makes them wealthier and more able to provide services
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The demand for cars in a certain country is given by: D = 20,000 - P, where P is the price of a car. Supply by domestic car producers is: S = 5,000 + 0.5P. If this economy opens to trade while the world price of a car is $6,000, and the government imposes a quota allowing 3000 cars to be imported, then the winners are ________.
A. domestic consumers B. domestic producers and the government C. domestic consumers and import permit holders D. domestic producers and import permit holders
Assume the short-run average total cost for a perfectly competitive industry increases as the output of the industry expands. In the long run, the industry supply curve will:
a. have a positive slope. b. have a negative slope. c. be perfectly horizontal. d. be perfectly vertical.
If fiscal policy were able to exert a significant impact on the economy during the Great Depression, we would expect
a. an increase in government expenditures and a reduction in budget deficits. b. an increase in government expenditures and an increase in budget deficits. c. a decrease in government expenditures and a reduction in budget deficits. d. a decrease in government expenditures and an increase in budget deficits.
If i is the interest rate and X is the number of dollars to be received after t years, the formula to calculate the present value of a future payment is:
A. (1 + i) t X B. X/(1 + i) t C. i t /(1 + X) D. (X/i)