More than 50 years ago Americans were warned to "beware of the military-industrial complex" by
A. General Douglas MacArthur.
B. President Dwight D. Eisenhower.
C. Vice President Richard Nixon.
D. President John F. Kennedy.
B. President Dwight D. Eisenhower.
You might also like to view...
Refer to Table 8-17. What is real GDP in 2016, using 2011 as the base year?
A) $3,320 B) $3,690 C) $6,360 D) $7,035
The supply of high-powered money is $100,000 and the money supply is $500,000. If every individual wishes to hold 5% of his or her deposits in the form of cash, then the bank reserve-holding ratio must be
A) 0.25 if banks have made all loans acceptable by the Federal Reserve requirements. B) 0.20 if banks have not made all loans acceptable by the Federal Reserve requirements. C) 0.17 if banks have not made all loans acceptable by the Federal Reserve requirements. D) 0.16 for any of the legally required reserve amount.
According to strategic trade policy, international trade largely involves firms that:
a. enjoy monopolistic power in the domestic market. b. have a high initial cost of production. c. pursue economies of scale. d. have high opportunity costs. e. generate adequate employment in the domestic economy.
If a disequilibrium occurs in the foreign exchange market, what are possible solutions? Why might governments choose not to let the price of their currencies adjust to clear the market?