Other things constant, a decrease in nominal GDP will generally
a. increase the demand for money.
b. decrease the demand for money.
c. increase the nominal interest rate.
d. decrease the money supply.
B
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What conditions might be required for an import-substitution policy to be effective? What advantages might it bring?
What will be an ideal response?
Arguably the simplest voting system is:
A. instant runoff voting. B. pair-wise majority voting. C. first-past-the-post voting. D. approval voting.
Contrary to most thinking, governments play ____ in causing pollution
a. almost no role b. a large but decreasing role c. a major role d. a reconstructive role
Actions that reduce trade restrictions and promote free trade are often referred to as:
A. free trade politicism. B. trade liberalization. C. autarky. D. trade protectionism.