The Chinese policy of one child per family provided McDonald's the opportunity to actively market to:
A) children.
B) senior citizens.
C) parents.
D) none of the above.
A
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Dalton, Georgia, a town with a population less than 35,000, has developed into a leading producer of carpets, despite its small size
Some government officials argue that the success achieved by firms in Dalton in developing a comparative advantage in carpet making because of external economies can be used to justify trade barriers as a means to protect an "infant industry." After an infant industry gains experience it can compete in international markets and the trade barriers can be removed. What objections do economists make to this argument in favor of trade barriers?
A survey done by the Bank of International Settlements found the _____________ market to be the largest market in the world economy.
a. online b. capital c. foreign exchange d. stock
Which of the following will be most likely to cause the production possibilities curve for a country to shift inward?
a. an increase in the labor force b. an increase in unemployment c. development of an improved technological method of production d. a decrease in the stock of physical capital
Which of the following is true when the government attempts to move the economy to full employment by increasing spending?
A. The desired stimulus should be set by the multiplier divided by the AD shortfall. B. The total change in spending includes both the new government spending and the subsequent increases in consumer spending. C. It must initially spend more than the GDP gap if the aggregate supply curve is upward-sloping. D. The desired stimulus should be set by the AD shortfall multiplied by the multiplier.