By the end of the colonial period, the Middle Colonies' population gained over New England but the Southern population continued to dominate
Indicate whether the statement is true or false
True
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Economists believe the most persuasive argument for protectionism is to protect infant industries. But the argument has a drawback. What is this drawback?
A) Governments are usually too impatient and do not allow protection to remain in place long enough to allow industries to be competitive in international markets. B) Protection lessens the need for firms to become productive enough to compete with foreign firms; this often results in infant industries never "growing up." C) Governments usually use tariffs, rather than quotas, to protect infant industries in order to collect tariff revenue. (Quotas do not result in government revenue). D) Governments always make the level of protection for infant industries too high.
How are the insurance premiums determined for deposit insurance?
a. The insurance premium is based on the bank’s level of deposits and then adjusted according to the riskiness of a bank’s financial situation. b. The insurance premium is based on the bank’s level of riskiness and then adjusted according to the bank’s level of deposits. c. The insurance premium is based on the bank’s level of deposits and then adjusted according to the riskiness of the overall U.S. banking system's financial situation. d. The insurance premium is based on the bank’s level of riskiness and then adjusted according to the level of deposits of the overall U.S. banking system.
The rate at which one currency is traded for another is called a(n)
A. prime rate. B. trade rate. C. exchange rate. D. money rate.
Which aspects, if any, of monetarist or rational expectations theory have been integrated into mainstream macroeconomics?
What will be an ideal response?