Karl Marx and Friedrich Engels believed that after the capitalists were overthrown, eventually
A. the state would get stronger.
B. the state would wither away.
C. the capitalists would regain power.
D. a fascist state would emerge.
B. the state would wither away.
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Which of the following parties benefits from an import quota but not from a tariff?
A) the foreign government B) the person with the right to import the good C) domestic producers D) domestic consumers E) the domestic government
If the exchange rate changes from 75 cents per euro to $1 per euro, the euro
a. appreciated, since its value has increased b. appreciated, since the price of U.S. dollars has increased c. appreciated, making U.S. goods more expensive in Euros d. depreciated, since its value has declined e. depreciated, since its value has increased
When the actual GDP equals the full-employment level of GDP, the
a. economy is in long-run equilibrium. b. price level must be rising. c. expected inflation must be zero. d. aggregate supply curve is not constrained by the scarcity of resources.
Federal Reserve open market operations directly influence..
What will be an ideal response?