Price supports are a form of price ceiling for agricultural products that lowers prices for consumers and enhances market efficiency.
Answer the following statement true (T) or false (F)
False
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The global financial crisis showed the need for increased financial regulation, however, too much or poorly designed regulation could
A) choke off financial innovation. B) increase the efficiency of the financial system. C) increase economic growth. D) increase international financial integration.
In comparison to the U.S., Germany has a relatively low percentage of union membership
a. True b. False Indicate whether the statement is true or false
The small country assumption is made in developing models of international trade because it applies to US markets
a. True b. False Indicate whether the statement is true or false
Adam Smith was an advocate of:
a. a nation maximizing its stock of gold. b. unrestricted or free trade. c. mercantilism. d. the visible hand of public interest.