Industrial policies are:
A. favorable tax policies to encourage private domestic investment in certain industries.
B. favorable trade policies to encourage private investment in certain industries.
C. government investments in certain industries to encourage growth in those industries.
D. All of these are true.
D. All of these are true.
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According to this Application, economist Daron Acemoglu categorizes which of the following as authoritarian institutions?
A) democracies, monarchies, and dictatorships B) monarchies, dictatorships, and tightly controlled oligarchies C) constitutionally limited monarchies and democracies D) tightly controlled oligarchies, democracies, and constitutionally limited monarchies
The disruption to financial markets starting in August 2007 that caused both consumer and business spending to fall
A) shifted the aggregate demand curve to the right. B) shifted the aggregate demand curve to the left. C) shifted the aggregate supply curve to the right. D) shifted the aggregate supply curve to the left.
"Bad news" about an expenditure-related indicator drives bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
The optimal amount of pollution abatement is such that
A) the total benefit of reducing pollution is equal to the total cost of reducing pollution. B) the marginal private cost of reducing pollution is just equal to the profit of the polluting firms. C) there is no remaining pollution. D) the marginal social cost of reducing pollution is just equal to the marginal social benefits from doing so. E) none of the above; there is no optimal amount of pollution abatement.