Which of the following encourage(s) entrepreneurs to innovate?
a. the patent system
b. the enforcement of contracts by the courts
c. private property rights
d. All of the above are correct.
d
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What is an overvalued exchange rate? What factors may cause a country's currency to become overvalued?
What will be an ideal response?
Under the unified Euro regime, the European countries control
A) fixed exchange rate only. B) monetary policy oriented toward domestic goals only. C) freedom of international capital movements only. D) monetary policy oriented toward domestic goals and freedom of international capital movements. E) fixed exchange rate and freedom of international capital movements.
Americans will benefit if China has enough purchasing power to enable its people to buy American products
a. True b. False Indicate whether the statement is true or false
Suppose Berylia's marginal propensity to consume is 0.8 . A recessionary gap of $200 exists in this economy. In order to close this gap, the government should increase its aggregate expenditures by _____
a. $40 b. $100 c. $200 d. $80