Monetary and fiscal policymaking that is carried out in response to a pre-set rule and does NOT respond to changes in economic activity is known as
A. discretionary policymaking.
B. nondiscretionary policymaking.
C. active policymaking.
D. Keynesian policymaking.
Answer: B
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According to the Law of Demand, the demand curve for a good will
A) shift leftward when the price of the good increases. B) shift rightward when the price of the good increases. C) slope downward. D) slope upward.
Which choice below is an argument that more technological change occurs in more competitive market structures?
A. Oligopolistic firms earn the profits to pay for research; competitive firms do not. B. Most large, oligopolistic firms such as AT&T have done a great deal of research. C. The "high-tech revolution" grew out of many tiny start-up operations. D. Small firms are too "lean and mean" to support any research and development.
Karl Marx wrote largely about
A. 19th century England. B. 18th century England. C. 19th century Russia. D. 18th century Russia.
You offer an extended warranty for your product that is purchased by a few customers. If the product typically fails 2% of the time,
a. you should price the warranty at less than 2% of the product price b. you should price the warranty at exactly 2% of the product price c. you should price the warranty at more than 2% of the product price d. Cannot tell from this information