Which of the following factors has contributed significantly to more international trade since the Second World War?
A. An increase in the size of government
B. An expansion of environmental laws
C. An increase in military spending
D. A general decline in tariffs
D. A general decline in tariffs
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Those who favor an active approach to policy believe that:
a. discretionary monetary policy cannot be used to help the economy since monetary policy lags are long. b. discretionary fiscal policy cannot be used to help the economy since fiscal policy lags are long c. lags associated with implementing policies are too long and unstable for discretionary policy to be effective. d. despite the lags involved, implementing discretionary policy is preferable to inaction. e. the discretionary fiscal policy cannot be used to help the economy since it leads to inflation.
An absence of property rights often leads to market failure. When this is the case, how does society usually solve the problem?
Upon which of the following industries is a restrictive monetary policy likely to be most effective?
A. Furniture. B. Clothing. C. Food processing. D. Residential construction.
Which of the following is not true about the information and advice investment bankers provide to clients?
A. It is highly valued if the fees paid for it are any indication of its value. B. It is often used to identify possible acquisition and merger candidates. C. It is public information that the bank compiles and makes available to anyone. D. It helps improve the allocation of resources across the economy.