Which of these is true of the mercantilism policy?
a. It accepts gold as a medium of exchange
b. It encourages free movement of labor and capital resources between nations.
c. It emphasizes government control over the production of important goods and services.
d. It emphasizes the importance of trade restrictions in achieving economic growth.
e. It believes that a nation's economic vitality depends on its unemployment level.
d
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Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question.
Prior-to-trade (autarky) total economic surplus equals areas
A. A + B + C. B. A + B + C + E + F + G + I. C. A + B + C + E + F. D. A + B + C + D.
Which of the following statements about capital markets is true?
A) At one time, the U.S. capital market was larger than all other capital markets combined, but that is no longer the case. B) The U.S. capital market is currently larger than all other capital markets combined. C) The largest capital markets in the world today are in East Asia and Latin America. D) There are currently large capital markets in Europe, but none in Asia.
When employers discriminate, they
a. believe they have a sound economic reason for doing so. b. may pay the price in lost earnings and productivity. c. subject themselves to civil action. d. All of the above are correct.
How would the real exchange rate need to change to get aggregate expenditure to increase?
A. Remain constant B. Increase C. Exchanges rates don't generally affect aggregate expenditure. D. Decrease