One should be especially wary of the national-security argument for restricting trade when that argument is made by
a. representatives of industry.
b. representatives of the defense establishment.
c. members of households.
d. foreign government officials.
a
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What happens typically to a budget deficit during a recession?
A. It increases because of tax changes. B. It decreases because of spending decreases. C. It decreases automatically. D. It increases automatically.
The national security argument is used by those who assert they want to
A) increase imports as a way of strengthening their country. B) limit exports to control the flow of technology to third world nations. C) limit imports that compete with domestic producers important for national defense. D) limit all imports. E) increase exports as a way of earning money to strengthen their country.
A fixed money-supply rule will have the greatest stabilizing effect on output when
A) money demand is unstable and commodity demand is stable. B) both money and commodity demand are unstable. C) both money demand and commodity demand are stable. D) the velocity of money is unstable.
Applying for a loan in five-person groups is an example of:
A. family and friends lending. B. party of five lending. C. group responsibility. D. trade-off.