One economic truism is that any nation's restriction of imports will ultimately lead to

A. an increase in exports.
B. an economic upswing.
C. a reduction in exports.
D. an increase in GDP.


Answer: C

Economics

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For all but the highest quintile, the share of market income going to each quintile is

A. higher for after-tax income than for before-tax income. B. equal for after-tax income but unequal for before-tax income. C. lower for after-tax income than for before-tax income. D. unequal for after-tax income but equal for before-tax income.

Economics

A multinational organization that aims to promote world economic growth through more financial stability is the

A) World Bank. B) International Monetary Fund. C) Federal Reserve System. D) International World Fund.

Economics

___ resources are those for which the quantity desired exceeds the quantity available

a. Tangible b. Scarce c. Physical d. Insatiable

Economics

Consider a model with one endogenous regressor and two instruments. Then the J-statistic will be large

A) if the number of observations are very large. B) if the coefficients are very different when estimating the coefficients using one instrument at a time. C) if the TSLS estimates are very different from the OLS estimates. D) when you use homoskedasticity-only standard errors.

Economics