Which of the following was NOT part of Korean industrial policies?
A) An aggressive promotion of exports along with high levels of protection
B) Directed credit and tax breaks given to targeted industries
C) Bailing out bankrupt firms without any attempt to dispose distressed firms
D) Allowing exporting firms to borrow funds at below-market interest rates
C
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Environmental economics
a. is concerned mainly with the residual flow from economic activity back to nature b. focuses on the flow of resources from nature to economic activity c. recognizes that the flow of residuals back to nature is preventable d. none of the above
The original Federal Reserve Act
A) specified open market operations as the Fed's main policy tool. B) specified open market operations as one of several Fed policy tools. C) specified that open market operations be employed by the Fed only in circumstances where discount loans were ineffective. D) did not specifically mention open market operations.
In the above figure, moving from producing 50 guitars and 50 ukuleles to producing 25 guitars and 75 ukuleles, the opportunity cost of one ukulele is
A) 25 guitars. B) 75 ukuleles. C) 25 ukuleles. D) 1 guitar.
In economics, which of the following is considered as financial capital?
a. Offices and warehouses b. Stocks and bonds c. Machinery d. Factories e. Equipment