Under the adaptive expectations theory, expansionary monetary and fiscal policies designed to reduce the unemployment rate will be
a. ineffective in the long run.
b. ineffective in the short run.
c. noninflationary.
d. all of the above.
A
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The United States exports
A) goods only. B) services only. C) manufactured goods only. D) goods and services. E) only agricultural products and high-tech goods.
The tax incidence on sellers is higher if ________
A) the buyers and sellers of a good are equally sensitive to price changes B) the buyers are more sensitive to price changes than the sellers C) the sellers are more sensitive to price changes than the buyers D) the number of buyers in a market is larger than the number of sellers
Marginal utility is defined as the
a. average amount of satisfaction gained from consuming a product b. total amount of satisfaction gained from consuming a product c. additional satisfaction gained from consuming one more unit of a product d. total amount of satisfaction gained from consuming a product divided by the number of units consumed e. total amount of satisfaction gained from consuming a product times the number of units consumed
Bangladesh has had success with:
A. clustering the textile industry. B. clustering the fishing industry. C. supporting export-led growth policy. D. supporting import substitution policy.