_____ have faith in the free market (price) system that leads them to favor minimal government intervention
a. New Keynesian economists
b. Traditional Keynesian economists
c. Monetarist economists
d. Traditional classical economists
e. New classical economists
c
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The distinction between discretionary fiscal policy and the use of automatic stabilizers is that:
a. only discretionary fiscal policy can stimulate the economy b. only automatic stabilizers can stimulate the economy. c. discretionary fiscal policy, once adopted, is built into the structure of the economy. d. automatic stabilizers, once adopted, are built into the structure of the economy. e. only discretionary fiscal policy can be used by the federal government.
If the cost of buying an identical basket of goods in country A is greater than country B: a. People will tend to sell currency from country A and buy currency from country B
b. The prices of those baskets of goods will tend to converge. c. If the goods in the baskets are internationally traded, the tendency for prices to converge will be stronger. d. All of the above are true.
Why do firms practice price discrimination?
Figure 17-9
Refer to . The size of the tariff on carnations is
a.
$8 per dozen.
b.
$6 per dozen.
c.
$4 per dozen.
d.
$2 per dozen.