Government payments given to domestic producers, which reduce the world price of the traded products, are called:
A. Import quotas
B. Protective tariffs
C. Nontariff barriers
D. Export subsidies
D. Export subsidies
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If you have a bond that pays a lump sum at the time of maturity, it is
A) called a zero-coupon bond. B) worth more than a bond with coupon payments. C) riskier than a bond with coupon payments. D) a safer investment than a perpetuity.
A social entrepreneur's central motivation in creating "for-benefit" corporations is to achieve social, not just economic, ends.
Answer the following statement true (T) or false (F)
The Phillips curve is
A. a positive relationship between price stability and constant, small-increment changes in the fiscal policy on the part of the Fed. B. a negative relationship between the inflation rate and the unemployment rate, at least in the short run. C. a positive relationship in the long run between the rate of inflation and the rate of unemployment. D. a positive relationship between the unemployment rate and the real Gross Domestic Product (GDP) level.
Governments often ________ activities that generate external ________.
A. subsidize; benefits B. subsidize; costs C. simultaneously tax and subsidize; costs D. tax; benefits