An agreement signed between Canada and the United States allowing free exchange of goods between them has aided the process of _____
a. privatization
b. specialization
c. globalization
d. decentralization
c
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When currency outstanding decreases,
A) gold certificates rise. B) the money supply increases. C) Fed assets decline. D) bank deposits at the Fed increase.
Suppose that flu shots create a positive externality equal to $8 per shot. Further suppose that the government offers a $6-per-shot subsidy to producers. What is the relationship between the equilibrium quantity and the socially optimal quantity of flu shots produced?
a. They are equal. b. The equilibrium quantity is greater than the socially optimal quantity. c. The equilibrium quantity is less than the socially optimal quantity. d. There is not enough information to answer the question.
Dutiable imports are those on which the government imposes a(n):
A) quota. B) tariff. C) import license fee. D) ban against purchases by U.S. citizens.
What did NOT cause the 2008-2009 recession?
A. Decrease in AD B. Housing bubble burst C. Large banks and corporations shut down D. Improper fiscal policy E. Stock market and wealth decrease