Measured wealth is a less accurate indicator of economic inequality than is measured income because measured wealth excludes
A) owner-occupied housing.
B) financial assets.
C) depreciation.
D) human capital.
D
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Assume that the M1 multiplier is 2.5. If the Federal Reserve purchases $200 worth of government securities, the money supply will
A) rise by $200. B) rise by $500. C) fall by $200. D) fall by $500.
Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations. b. It develops joint ventures with foreign firms. c. It owns and operates production facilities in more than one country. d. It employs agents in various countries to sell their products abroad. e. It holds patents on its products and services.
Supply-side tax cuts designed to increase investment spending are attractive in theory, but in practice
a. the effect is the opposite of what theory suggests. b. are less useful, because they take a long time to increase the capital stock. c. they have no effect on the capital stock in the short or long run. d. are powerful in the short run as capital stock rapidly increases, but the effect tapers off in the long run.
Countervailing duties are:
a. applied to dumped imports. b. applied to subsidized imports. c. another name for safeguard duties. d. not allowed under terms of the GATT.