To fight a depression, Keynes said that the government should
A. do nothing.
B. raise taxes.
C. spend money on carefully chosen projects.
D. spend a lot of money.
D. spend a lot of money.
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Since the end of World War II,
A) tariffs around the world fell substantially. B) agricultural subsidies were significantly reduced. C) most nations began to apply tariffs uniformly across all industries. D) tariffs increased in low-income countries and fell a small percentage in high-income countries.
What is the main motive for countries' protection of their film/cinema industries?
A) to keep prices low for their citizens B) to improve their balance of payments C) to diversify their economies D) to preserve their national culture
If the first copy cost of a music video is $223,000 and the marginal cost is $0, then how many copies should the firm sell in order to break even if the price was $10 each?
A. zero B. 2,230 C. 22,300 D. 223,000
The price system features
A. exchanges made in currency only. B. an exchange in which consumer is made better off and the producer is made worse off. C. exchanges made only on a barter basis. D. voluntary exchange that makes both the consumer and producer better off.