What country has not experienced growth even though running trade surpluses?
a. China
b. The United States
c. Singapore
d. Japan
d. Japan
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Economic growth is determined by forces outside the control of the market system.
Answer the following statement(s) true (T) or false (F)
in the 1990s Ireland made unemployment benefits less generous. This change would likely have
a. reduced structural unemployment and the natural rate of unemployment b. reduced structural unemployment but not the natural rate of unemployment c. reduced frictional unemployment and the natural rate of unemployment d. reduced frictional unemployment but not the natural rate of unemployment
The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital.
Firm A's dominant strategy is to ________, and Firm B's dominant strategy is to ________.
A. not invest; not invest B. not invest; invest C. invest; invest D. invest; not invest
Recall the Application about the factors involved in causing recessions, and the causes of recessions in the United States from 1893 to 1990 to answer the following question(s).According to this Application, the recession of 1929 was primarily due to:
A. a decrease in aggregate demand caused by the private sector. B. a decrease in aggregate demand resulting from decreases in government spending. C. a decrease in aggregate supply due to rising gold prices. D. an increase in aggregate supply resulting from European bank collapses.