If a newly elected government takes actions that makes its country's courts more efficient and less corrupt, then
a. producers will have greater confidence that they will benefit from their efforts.
b. producers are likely to be more specialized.
c. buyers and sellers will be more likely to honor contracts.
d. All of the above are correct.
d
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One reason there is political opposition to international trade is that:
A. not everyone benefits from trade. B. the differences in opportunity costs between countries are small. C. trade does not increase the total value of goods and services produced by a nation. D. the potential gains from specialization and trade are small.
What happens in the secondary market?
A) a corporate financial manager will raise funds for expansion of the firm B) secondary inputs like electricity are sold C) newly issued claims are sold by the borrowing firm to the initial buyer D) already issued claims are sold from one investor to another
The household saving rate as measured by the Flow of Funds Accounts does NOT include
A) capital gains on stocks, bonds, houses, and other assets. B) net investment in consumer durables. C) household accumulations in government pensions. D) All of the above.
Economists admire perfect competition for all of the following reasons except
a. market prices are at their lowest possible levels b. quantities are higher than with any other market condition c. consumers get the greatest variety of differentiated goods d. P = MC = ATC = MR e. goods are produced at minimum average total cost