Proponents of strategic trade policy contend that:
a. government should tax domestic firms to generate greater revenues.
b. government should encourage imports to prevent monopoly in the domestic market.
c. government should provide subsidies to domestic firms with decreasing costs.
d. government should discourage domestic firms with decreasing costs from continuing production.
e. government should tax domestic import competing firms.
c
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Which of the following statements is true?
A) If a bank lends a sum of $600 to a firm, the sum is a part of the bank's liability. B) If a bank lends a sum of $200 to a household, the sum is a part of the bank's liability. C) If a firm deposits a sum of $500 in a bank, the sum is a part of the bank's assets. D) If a firm deposits a sum of $500 in a bank, the sum is a part of the bank's liability.
The Environmental Protection Agency (EPA) administers all of the following acts except the
a. Clean Air Act b. Water Pollution Control Act c. Safe Drinking Water Act d. Toxic Substances Act e. Federal Reserve Act
If a country with a large government debt uses money creation to service and repay the debt, this will lead to
a. lower interest rates. b. an appreciation of the nation's currency in the foreign exchange market. c. inflation, higher interest rates, and a financial crisis. d. rapid economic growth, as the expansionary monetary policy stimulates the economy and generates the additional tax revenue to service the larger debt.
Most residents of Los Angeles think sushi and sashimi are very similar foods. What effect will an increase in the price of sushi have on the demand curve for sashimi in Los Angeles?
a. there will be a movement down the sashimi demand curve b. the sashimi demand curve will not be affected c. there will be a movement up the sashimi demand curve d. the sashimi demand curve will shift to the right e. the sashimi demand curve will shift to the left