Which aspects of globalization help to increase growth in the world economy?
What will be an ideal response?
Economic growth relies on the channel through which household savings are made available for capital investment. Aspects of globalization that have made this channel more efficient include (
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Which of the following is an important issue in the Keynesian-Monetarist debate?
a. The relative importance of monetary and fiscal policy. b. The nature of the transmission mechanism through which a change in the money supply affects the economy. c. The shape of the investment-demand curve. d. All of these.
A positive externality will cause a market to produce
a. more than is socially desirable. b. less than is socially desirable. c. the socially optimal equilibrium amount. d. more than the same market would produce in the presence of a negative externality.
A U.S. bank loaned a Canadian oil company 1 million U.S. dollars. The Canadian company then used the entire loan to buy mining equipment from a U.S. company. As a result of these transactions, by how much and in which direction did: A. U.S. net exports change? B. U.S. net capital outflow change?
A firm that has a branded product is
A. not likely to be in perfect competition. B. always in perfect competition. C. likely in perfect competition. D. always a price taker.