The national security argument is used by those who assert they want to
A) increase imports as a way of strengthening their country.
B) limit exports to control the flow of technology to third world nations.
C) limit imports that compete with domestic producers important for national defense.
D) limit all imports.
E) increase exports as a way of earning money to strengthen their country.
C
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When deciding what to use as money, one characteristic to look for is its:
A. convenience. B. exchange value. C. intrinsic value. D. shape.
Which of the following is accurate?
a. Monetary policy is neutral in both the short run and the long run. b. Though monetary policy is neutral in the long run, it may have effects on real variables in the short run. c. Monetary policy has profound effects on real variables in both the short run and the long run. d. Monetary policy has profound effects on real variables in the long run, but is neutral in the short run.
If in the short run total product is decreasing as more workers are hired, then the marginal physical product is
A) increasing. B) zero. C) negative. D) positive.
To combat a recession with discretionary fiscal policy, Congress and the president should
a. decrease government spending to balance the budget. b. decrease taxes to increase consumer disposable income. c. lower interest rates and increase investment by increasing the money supply. d. raise taxes on interest and dividends, but not on personal income.