Which of the following is not an important question for economic policy raised by the experience of the textile industry?
a. How does international trade affect consumer well-being?
b. Who gains and who loses from free trade among countries?
c. How do the gains from trade compare to the losses?
d. Which argument for restricting free trade is politically feasible?
d
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In their relationship with stockholders, a firm's managers act
A) as agents. B) as principals. C) in loco parentis. D) as proprietors.
How do speculators provide a more rational guide to production and consumption decisions compared to markets?
Assume that the central bank increases the reserve requirement. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and current international transactions in the context of the Three-Sector-Model?
a. The real risk-free interest rate falls, and current international transactions become more negative (or less positive). b. The real risk-free interest rate rises, and current international transactions become more negative (or less positive). c. The real risk-free interest rate and current international transactions remain the same. d. The real risk-free interest rate rises, and current international transactions remains the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The accuracy of the unemployment rate is criticized because:
A. people under 16 years of age and over 70 years of age are excluded from the data. B. people who would like to work but have given up trying to find work are not included in the number of unemployed people. C. unemployed homemakers and students who are not actively seeking employment are not included in the number of unemployed people. D. it fails to indicate how many people work at more than one job.