If the federal government ________ during the financial crisis of 2008-2009, the fall in overall stock prices would likely have been larger.
A. had not allowed the large financial institutions to declare bankruptcy
B. had bailed out the large financial institutions
C. had not bailed out the large financial institutions
D. had allowed the sale of the large financial institutions to foreign investors
Answer: C
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Which of the following tools of commercial policy yields a revenue to the government?
a. Quota b. Tariff c. Export subsidy d. Government procurement policy e. Health and safety standards
A country has a (an) __________ in the production of a good it produces at lower opportunity cost than another country
A) absolute advantage B) specialization disadvantage C) tariff-efficient advantage D) infant-industry advantage E) none of the above
Suppose that a community seeks to preserve air quality, and zones a “green belt” around the city, which prevents property development within the belt. What is the most likely result of this law?
A. Interest rates will increase. B. Labor income will increase. C. Economic rent will increase. D. Profits will increase.
A characteristic of a public good is
A) rival consumption. B) the exclusion principle. C) the free-rider problem. D) clear property rights.