All of following are examples of infant industry protection cited in the text EXCEPT:
a. the Chinese auto industry.
b. the Brazilian computer industry.
c. Harley-Davidson.
d. Daimler-Chrysler Corporation.
Ans: d. Daimler-Chrysler Corporation.
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In the economic way of thinking, we assume that central bankers act
A) selfishly. B) to promote projects which interest them. C) in the national interest. D) in the global interest.
An increase in income equality causes the Lorenz curve to become more bowed away from the line of equality
Indicate whether the statement is true or false
What is the value of the deposit multiplier?
A) 0.1 B) 0.2 C) 1 D) 5
When ________ in a market, the total net benefit to society is maximized
A) deadweight loss is maximized B) a competitive equilibrium is achieved C) consumer surplus is minimized D) producer surplus is minimized