Governments often intervene in international trade and impose quotas to
A. shift a nation's production possibilities frontier.
B. improve the performance of multinational corporations.
C. increase revenues from export subsidies.
D. protect domestic industries from foreign competition.
Answer: D
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The ________ states that the nominal interest rate equals the real interest rate plus the expected rate of inflation
A) Fisher equation B) Keynesian equation C) Monetarist equation D) Marshall equation
Given an upward sloping supply curve, the more inelastic is demand, the greater the fraction of the burden of taxation that is borne by consumers
a. True b. False Indicate whether the statement is true or false
Which of the following contributes to the projected rise in government spending on Social Security and Medicare as a percentage of GDP?
a. increasing life expectancies b. increasing healthcare costs c. increasing fertility rates d. Both a and b are correct.
Which of the following is a characteristic of a good research paper?
A. A good research paper should contain a review of relevant literature. B. A good research paper should not have any published precedents. C. A good research paper should always be useful for policy implications. D. A good research paper should have more than one author.