What is one of the traditional political uses of tariffs?
a. protection of borders
b. protection of vested economic interests
c. protection of military secrets
d. protection of exchange rates
b. protection of vested economic interests
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Education, public libraries, and museums are examples of
a. public goods b. merit goods c. transfer payments d. subsidies e. cooperative goods
Which of the following is not a leading indicator for economic activity?
A. Orders for new equipment. B. Natural disasters. C. The level of inventories. D. Building permits.
A weak U.S. dollar leads to a higher volume of U.S. imports
Indicate whether the statement is true or false
If Abercrombie & Fitch borrows $8 million from a bank to finance the construction of a new store, this is an example of
A) a stock market transaction. B) direct finance. C) a bond market transaction. D) indirect finance.