Which of the following positions would a mercantilist support?
A. Trade in manufacturing goods is good for the United States.
B. Imports to the United States from Japan are beneficial to the United States.
C. Exports from Japan to the United Kingdom are beneficial to Japan.
D. Movement of labor from the United Kingdom to the United States is beneficial to the United States.
Answer: C
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Which of the following statements is true of the U.S. economy before 1800?
A) The U.S. economy was growing at an average rate of more than 6% per annum. B) There were no major achievements in arts. C) Sustained economic growth was rare or absent in the U.S. economy. D) There were no major achievements in science and technology.
Those who advocate a role for the World Bank in establishing systems of well-defined property and contract rights in developing nations would argue that
A) such changes would eliminate the need for short-term loans. B) such changes would make these economies more productive. C) such changes would eliminate the need for long-term capital funding. D) asymmetric information is currently not a problem in these countries.
An increase in our federal government's budget deficit will likely:
a. increase the national debt. b. increase interest rates. c. be less effective in stimulating the economy than the spending multiplier implies because of crowding out. d. decrease borrowing by households and businesses. e. All of the answers are correct.
The way the government keeps price floors in effect is by _____.
Fill in the blank(s) with the appropriate word(s).