Industrial policies are:
A. government investments in certain industries to encourage growth in those industries.
B. favorable tax policies to encourage private domestic investment in certain industries.
C. favorable trade policies to encourage private investment in certain industries.
D. All of these are true.
Answer: D
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In early 2010 there were __________ Americans working than there were 10 years earlier.
A. more B. fewer C. the same number of
Small-denomination time deposits are less than
A) $1,000. B) $1 million. C) $100,000. D) $10,000.
Suppose Mitsubishi Bank (a Japanese bank) expects the exchange rate to be 125 yen per U.S. dollar at the end of the year. If today's exchange rate is 120 yen per U.S. dollar, Mitsubishi bank
A) buys U.S. dollars today because it expects profit from buying U.S. dollars and holding them. B) sells U.S. dollars today because it expects losses from buying U.S. dollars and holding them. C) does not buy or sell any U.S. dollars today because it expects zero profit from buying U.S. dollars and holding them. D) None of the above answers is correct because a foreign commercial bank cannot buy or sell U.S. dollars.
The Great Recession of 2007-2009 altered the prior behavior of consumers in the economy by:
A. Shifting the consumption schedule up B. Shifting the consumption schedule down C. Shifting the saving schedule down D. Moving the economy down along a stable consumption schedule