The idea that governments can plan growth by setting industrial policies to encourage growth of certain industries:
A. is a proven method for economic growth.
B. is controversial.
C. has worked for the majority of countries that have tried it.
D. None of these is true.
B. is controversial.
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The Taylor rule helps explain the relationship between the Fed's ________ and ________
A) federal funds target; the monetary growth rule B) federal funds target; economic conditions C) money supply target; the federal funds target D) money supply target; economic conditions
In order to import German goods into the United States, U.S. importers must buy those goods with German currency, i.e., Euros. Assume, all else constant, there is a decrease in the price of U.S.-made cars compared to the price of German cars
Based on this information, we can conclude, with certainty, that in the market for Euros (where the price of Euros is measured in dollars), this would cause: A) an increase in the equilibrium price of Euros. B) a decrease in the equilibrium price of Euros. C) an increase in the equilibrium quantity of Euros. D) a decrease in the equilibrium quantity of Euros.
Three economic questions must be determined in all societies. What are they? a. How much will be produced? When will it be produced? How much will it cost?
b. What will the price of each good be? Who will produce each good? Who will consume each good? c. What is the opportunity cost of production? Does the society have a comparative advantage in production? Will consumers desire the goods being produced? d. What goods will be produced? How will goods be produced? Who will get the goods produced?
Refer to the above graph. The marginal opportunity cost of the fourth unit of bread is:
A. 1 unit of drill presses. B. 2 units of drill presses. C. 3 units of drill presses. D. 4 units of drill presses.