Laws that require children to be inoculated against certain diseases before they enter kindergarten are examples of the command approach
a. True
b. False
Indicate whether the statement is true or false
True
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_________ are more inclined to keep the government hands off the economy and favor adhering to fixed rules.
A. Conservatives B. Liberals C. Politicians D. None of the above is correct.
Which of the following statements is (are) correct? Under a floating exchange rate system
a. dramatic swings in the dollar have become less common the last 20 years. b. the dollar has exhibited considerable volatility, particularly over the last 20 years. c. the value of the dollar has been targeted within a specific range. d. a gradual increase in the value of the dollar has taken place.
Scarcity: a. exists in command economies
b. exists in market economies. c. exists only for the poor in any type of economy. d. (a) and (b) above are correct
The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.