Some people attribute the rapid growth of the East Asian economies in the 1980s and 1990s to the:
A. governments planning for growth by investing in certain industries.
B. governments picking industries to support with investments and favorable tax and trade policies.
C. success of their "industrial policies."
D. All of these are true.
Answer: D
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
The maturation date of a bond is the date at which:
A. the principal will be repaid. B. dividend payments will be made. C. taxes on the bond are due. D. coupon payments will be made.
In 2007, European Union (EU) negotiators have offered to cut tariffs for Latin American bananas to avoid "banana wars". What are the effects of a cut in tariffs?
A) The quantity of bananas imported into the EU will increase. B) The price of bananas for consumers will increase. C) The quantity of bananas produced in the EU (such as in France and Spain) will increase. D) Europe will start to export bananas.
What are transfer payments?
What will be an ideal response?