There is greater support for passive policymaking when
A) price flexibility is common. B) wage flexibility is common.
C) pure competition is widespread. D) all of the above.
D
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In a fixed exchange rate regime, the value of a currency is pegged to ________
A) an anchor currency B) a currency board C) a dirty float D) an interest rate standard such as the Treasury bill rate in the U.S.
Universal child support assurance would cost little more than the present system
Indicate whether the statement is true or false
Which of the following statements regarding brand names in advertising is not correct?
a. Brand names provide consumers with information about quality when quality cannot be easily judged in advance of purchase. b. Brand names give firms an incentive to maintain high quality to maintain the reputation of the firm. c. Brand names allow firms to produce and sell inferior products in the long run since people will continue to purchase the brand-name product. d. Brand names can cause consumers to perceive differences in products that do not actually exist.
Which one of the following resources is not underemployed?
A. The use of Manhattan Island in New York City for growing corn. B. The use of farmland in the Iowa and Illinois corn belt for buildings to do stock market research. C. An automobile factory that is shut down for two months to be retooled for a model change. D. Limiting all men to the fields of school teaching and social work.