Which of the following is an obstacle to economic growth?
a. Political instability
b. Government support for private industry
c. Slow population growth
d. Enforcement of private property rights
e. The inability of special interest groups to block changes in economic policy
a
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The deadweight loss with perfect price discrimination is
A) equal to the deadweight loss of a single-price monopoly. B) sometimes less than and sometimes more than the deadweight loss of a single-price monopoly. C) more than the deadweight loss of a single-price monopoly. D) zero. E) larger than the deadweight loss with perfect competition.
The demand for a good or service is...
a.determined by those who buy the good or service. b. the government. c. those who sell the good or service. d. both those who buy and those who sell the good or service.
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Overvalued exchange rates were a persistent problem under ISI policies. In part, this was a deliberate policy in order to
A) increase imports. B) discourage exports. C) help targeted industries sell their exports. D) help targeted industries buy imports.