If the self-correcting mechanism operates quickly,
a. direct intervention is less necessary to close a recessionary gap.
b. fiscal stimulus is far more useful in closing a recessionary gap than monetary policy.
c. monetary policy is far more useful in closing a recessionary gap than fiscal policy.
d. fiscal stimulus is ineffective and inflation will occur.
a
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The amount of revenue the government collects after imposing the tariff is ________. 
A. $40,000 B. $4,000 C. $1,000 D. $10,000
Which of the following statements is false?
A) In recent years, the Chinese government has bought U.S. government bonds, raising interest rates in the United States. B) Among the key features of globalization is the growing integration of the national economies of the world. C) Globalization is associated with a movement toward more free enterprise. D) It is becoming increasingly common for Americans to work for foreign companies that have offices in the United States.
Child labor is a common family survival strategy, especially for farmers in rural areas where it is hard to enforce rules or to reach the poor with any supporting infrastructure or social services
Indicate whether the statement is true or false
Firms are the producing units of the economy.
Answer the following statement true (T) or false (F)