Some say economic competition will continue to drive globalization, largely because any states hoping to get ahead will be pushed to accept
a. free trade.
b. capitalism.
c. democracy.
d. collaboration.
a. free trade.
You might also like to view...
The LM curve will shift to the right when government expenditures increase
Indicate whether the statement is true or false
Assuming we are considering a normal good, the calculated price elasticity of demand is:
A) always positive. B) always negative. C) positive if demand is elastic and negative if demand is inelastic. D) positive if demand is inelastic and negative if demand is elastic.
The condition in which an individual consumer's budget is exhausted and the last dollar spent on each good yields the same marginal utility is called ________ ________
a. marginal utility b. consumer surplus c. consumer equilibrium d. total utility
Which would tend to reduce the crowding-out effect that occurs when the federal government increases its borrowing to finance a deficit?
A. The expenditures fail to contribute to the development of human capital. B. The deficit financing reduces the profit expectations of business firms. C. The economy is operating at full employment. D. The economy is operating at less than full employment.