Which of the following demonstrates the ideal use of expansionary fiscal policy?
A. The government slowly hires unemployed workers and puts them to work on permanent projects that continue long after the economy recovers.
B. The government quickly hires already-employed workers and puts them to work on projects that are finished as the economy recovers.
C. The government quickly hires unemployed workers and puts them to work on projects that are finished as the economy recovers.
D. The government quickly hires unemployed workers and puts them to work on permanent projects that continue long after the economy recovers.
Answer: C. The government quickly hires unemployed workers and puts them to work on projects that are finished as the economy recovers
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Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. Which of the following statements is true?
A. Lee's dominant strategy depends on Jordan's choice. B. Lee does not have a dominant strategy. C. For Lee, seeing a documentary is a dominant strategy. D. For Lee, seeing a comedy is a dominant strategy.
Refer to Figure 23-2. If the U.S. economy is currently at point K, which of the following could cause it to move to point N?
A) Household wealth declines. B) The price level in the United States falls relative to the price level in other countries. C) The interest rate rises. D) Congress abolishes investment tax incentives.
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country A could potentially make would be:
A. (500 iPods, 500 tablets). B. (500 iPods, 400 tablets). C. (500 iPods, 300 tablets). D. (500 iPods, 200 tablets).
The best way for a Euroequity to get a listing in the United States is to issue a(n) ________.
A) Global Depositary Receipt B) European Depositary Receipt C) American Depositary Receipt D) Domestic Depositary Receipt