Contractionary fiscal policy can lead to a depreciation of the nation's currency
Indicate whether the statement is true or false
TRUE
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Why does investment by multinational corporations not necessarily help to close the foreign exchange gap
What will be an ideal response?
A contract
a. is an example of a side payment b. eliminates the possibility of simultaneous exchange c. is worthless unless it refers to a perfectly competitive market d. often requires one party to do something first, and the other party to do something later e. can be enforced through the application of criminal law
In a theoretical sense, the "entrepreneurs" at a corporation are its
a. managers b. stockholders c. bondholders d. research and development staff e. boards of directors
Taxes on polluting firms have
a. been tried, but not successfully. b. been successful in Germany in reducing water pollution. c. resulted in bankruptcy of the affected firms. d. never been tried to see if they work.