Which of the following about inflation is true?
a. High rates of inflation are usually associated with wide year-to-year changes in inflation.
b. High rates of inflation are usually associated only with very large countries such as the United States.
c. High rates of inflation are usually associated only with smaller countries such as Costa Rica.
d. High rates of inflation will generally improve the economic efficiency of an economy.
A
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What is the distinction between automatic and discretionary fiscal policy?
What will be an ideal response?
Which of the following is true?
a. Producing too much pollution could be a market failure, but producing too little research cannot. b. Producing too little research could be a market failure, but producing too much pollution cannot. c. Both producing too much pollution and producing too little research could be market failures. d. Market failures mean that government intervention in those areas will improve the results.
Refer to the graph shown. What area represents total economic profits?
A. CBWT B. DAFM C. DABC D. MFWT
A quota is
A. a tariff based on the value of the imported good. B. a tariff imposed on goods that are subsidized by their domestic governments and exported to other countries. C. a government-imposed restriction on the quantity of a specific good that can be imported into a country. D. a tariff imposed on goods that are dumped into the home country.