According to John Maynard Keynes' General Theory of Employment, Interest and Money, the government should _____ in order to get an economy out of a depression
a. increase spending
b. decrease spending
c. reduce subsidies
d. increase taxes
e. allow the economy to correct itself
a
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The prices that are in the public’s best interest will
A. always allow the regulated firm to break even. B. always allow the regulated firm to make positive economic profits. C. sometimes leave the regulated firm with economic losses. D. leave the regulated firm with profits that are about 10 percent higher than those of other firms.
In 2009, the United States balance of trade deficit with China was about 4 times as large as the balance of trade deficit with Canada
a. True b. False
In the real world, countries use a mixture of the three basic types of economic systems
a. True b. False Indicate whether the statement is true or false
Network effects are:
A. reductions in per-unit production cost as firms learn by doing. B. the change in real GDP resulting from a change in investment or government spending. C. increases in demand resulting from products being mentioned positively in a television program. D. increases in the value of a product to each user, including existing users, as the total number of users rises.