A peace dividend
A. results from making the defeated enemy pay war reparations.
B. never materialized after the Cold War.
C. never materialized after World War II.
D. results from the reduction in defense spending as a war is concluded.
Answer: D
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If the required reserve ratio is 100 percent, could the Federal Reserve still change the money supply with open market operations? Explain whether they could or could not
What will be an ideal response?
Assume that Canadian firms can produce one automobile or 1,000 calculators per day, and that U.S. firms can produce three automobiles or 6,000 calculators per day. The terms of trade should be between
a. 1,000 and 2,000 calculators per automobile, and the U.S. should produce both calculators and automobiles b. 1,000 and 6,000 calculators per automobile, and the U.S. should produce automobiles c. 1,000 and 6,000 calculators per automobile, and the U.S. should produce calculators d. 1,000 and 2,000 calculators per automobile, and the U.S. should produce automobiles e. 1,000 and 2,000 calculators per automobile, and Canada should produce automobiles
Cutting the poor off welfare is
A. the liberal position. B. the conservative position. C. both the liberal and the conservative position. D. neither the liberal nor the conservative position.
The prisoners’ dilemma illustrates the conflict between ______ and ______.
a. monopoly; perfectly competitive markets b. individual rationality; group rationality c. cartels; non-colluding oligopolists d. game theory; dominant strategies