________ policy focuses on the nation's money supply, while ________ policy focuses on the government's budget.
A. Monetary; structural
B. Monetary, fiscal
C. Fiscal, monetary
D. Fiscal, structural
Answer: B
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Refer to Figure 2-9. If the two countries have the same amount of resources and the same technological knowledge, which country has an absolute advantage in the production of popsicles?
A) Greenland B) They have the same advantage. C) Iceland D) cannot be determined
What is the present value of $1,000 to be received in two years if the current market interest rate is 8.0%?
a. $481 b. $556 c. $857 d. $926
In conducting their research, economists often substitute historical events and historical episodes for
a. theories and observations. b. laboratory experiments. c. models. d. assumptions.
Developing countries would benefit the most from a given increase in their education budgets if they spent more:
A. on primary and secondary education. B. in a way that promotes credentialism. C. on higher education. D. evenly across all types of education.