Japanese electronics exports were hurt in 2008 as a result of the recession. How would this decrease in exports have affected Japan's aggregate demand curve?
A) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve.
B) The aggregate demand curve would have shifted to the right.
C) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve.
D) The aggregate demand curve would have shifted to the left.
D
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Which of the following is not a monetary policy tool for shifting the aggregate demand curve?
A. Open-market operations. B. Government spending. C. The discount rate. D. The reserve requirement
The cost borne by a producer in the production of a good or service is called
A) private cost. B) public cost. C) social cost. D) internal cost.
The infant-industry argument for tariff protection is that tariffs should be imposed to protect from competition
A. industries that can compete with foreign competitors at this point in time and are deemed essential by the government. B. industries that cannot compete with foreign competitors at this point in time, but will be able to once they gain some size and experience. C. industries needed for national defense. D. industries that are essential if a country is to become an industrial nation.
A trust that is the legal owner of a life insurance policy is
A. a policy holder. B. an insurance trust. C. a trust fund. D. none of these answer options are correct.