Since the end of World War II,
A) world trade has grown more slowly than world GDP in the same time period.
B) world trade has grown more slowly than during the years leading up to World War II.
C) the trade-to-GDP ratios of most countries have fallen.
D) world trade has grown more rapidly than world output.
D
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Why is national defense better off as a natural monopoly? What other industry or service do you think should be a natural monopoly?
What will be an ideal response?
The more leveraged an investment, the ________ the potential gain and the ________ the potential loss from that investment
A) greater; greater B) greater; smaller C) smaller; smaller D) smaller; greater
The price system allocates resources efficiently EXCEPT when
A) consumers decide they want more of a good. B) resources are utilized to produce the highest-valued goods and services. C) voluntary exchange exists. D) the production of a good affects parties other than its buyers and sellers.
When banks hold excess reserves the:
A. money multiplier overestimates how much money will be created in the economy. B. money multiplier underestimates how much money will be created in the economy. C. reserve ratio is not fully functioning, and should be raised. D. reserve ratio is not fully functioning, and should be lowered.