Which of the following statements is false?
A. Recognizing tradeoffs is an essential part of good decision making.
B. Most government policies provide people with incentives to take certain actions and avoid others.
C. People will pursue an action as long as it has benefits associated to it.
D. Every choice involves a tradeoff.
C. People will pursue an action as long as it has benefits associated to it.
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In less-developed countries, the ________ effect leads to ________.
A. input-substitution; labor intensive production B. input-substitution; mechanized production C. output effect; labor intensive production D. input effect; mechanized production
Consider a large open economy that has a positive current account balance. (a)Suppose the domestic government increases the tax rate on firm revenues. Draw a diagram to explain the effects on the world real interest rate, saving in each country, investment in each country, and the current account balance in each country in equilibrium. Explain your work.(b)In addition to the tax increase in part (a), suppose now that the foreign government increases lump-sum taxes on individuals. Draw a new diagram to incorporate the overall effects of both tax changes and explain the effects (from the initial equilibrium with neither tax change) on the world real interest rate, saving in each country, investment in each country, and the current account balance in both countries. Explain your work.
What will be an ideal response?
By the 2000s, an important market change occurred when investment banks became significant participants in the secondary market for
A) corporate bonds. B) currency. C) mortgages. D) Treasury securities.
The wartime demand for manufacturing goods directly impacted the economy in which of the following ways?
(a) Increased demand for factory workers (b) Increased demand for imported goods (c) Decreased demand for agricultural goods (d) All of the above