"The US should not restrict employers from outsourcing work to foreign countries" is a normative statement
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is not a measure of how close a nation is to full employment?
a. Capacity utilization index. b. Unemployment rate. c. Employment rate. d. Net export position of the nation. e. All the above.
Answer the following questions true (T) or false (F)
1. An appropriate fiscal policy response when aggregate demand is growing at a faster rate than aggregate supply is to decrease the money supply. 2. To complement actions by the Fed to reduce inflation, Congress and the President can cut spending and/or raise taxes. 3. The multiplier effect following an increase in expenditure is generated by induced increases in consumption expenditure as income rises.
The central bank is the only authorized institution with the power to issue currency
Indicate whether the statement is true or false
Which among the following situations refers to a zero-sum game?
A) Two nations trying to strengthen their diplomatic relations B) A business firm deciding upon the terms of partnership C) Two players playing a single game of chess D) Two teams deciding on the rules of a game