In the 1950s, crude oil and natural gas imports were restricted to keep the domestic industries viable in case of a war. The rationale for this protection is the ________ argument for protection
A) save domestic jobs
B) national security
C) anti-dumping
D) infant-industry
E) penalizing lax environmental standards
B
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An inflation rate of over 500 percent per year would be classified as:
A. hyperinflation. B. inflation. C. relative inflation. D. deflation.
For the CPI. the value of the index in the base year
A. depends upon what prices did the year before. B. always equals 100. C. depends upon price and quantity that are constantly changing. D. is always greater than 100.
A bank that does not want to hold a lot of excess reserves but wants to manage liquidity risk is likely to:
A. make sure that most of its assets are in small business loans. B. hold a lot in highly liquid securities. C. have a high ratio of loans to securities. D. limit withdrawals by customers.
Refer to the information provided in Table 22.1 below to answer the question(s) that follow. Table 22.1PersonWeight (lbs)Abe160Boris210Calvin300Darius185Eddie240Franklin175A study to determine the effect that the weight of an average 6 ft. tall man has on the incidence of Type 2 diabetes was conducted in a small town. The six participants and their corresponding weights are listed in the table.Related to the Economics in Practice on p. 728: Refer to Table 22.1. When using regression discontinuity, if this study had a threshold of 180 pounds, the outcomes of which individuals would be compared?
A. Boris, Calvin, Darius, and Eddie B. all six individuals C. Abe and Franklin D. Franklin and Darius