An increase in national income is:
a) Likely to increase exports
b) Likely to decrease savings
c) Likely to decrease investment
d) Likely to increase spending on imports
Answer: d) Likely to increase spending on import
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Can real standards of living go up without any positive economic growth?
To protect depositors against bank failures, the federal government created which of the following in 1933?
a. Federal Reserve System b. Resolution Trust Company c. Federal Savings and Loan Insurance Corporation d. Federal Deposit Insurance Corporation e. Excess Reserve Insurance Corporation
Briefly explain the different focus of valuing stocks taken by behavioralists, chartists, and fundamentalists.
What will be an ideal response?
Most favored nation status requires:
a. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other WTO members. b. a WTO member that reduces a tariff on imports from one WTO trading partner to apply the lower tariff to imports from all other countries. c. a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other WTO members. d. a WTO member that increases a tariff on imports from one WTO trading partner to raise the tariff on imports from all other countries.