Increased government spending is an example of:
A. expansionary fiscal policy.
B. contractionary fiscal policy.
C. expansionary monetary policy.
D. contractionary monetary policy.
A. expansionary fiscal policy.
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Under a flexible exchange rate system, if the quantity supplied of dollars is less than the quantity demanded of dollars, there is a:
A) balance of payments deficit and the dollar would depreciate. B) balance of payments surplus and the dollar would depreciate. C) balance of payments deficit and the dollar would appreciate. D) balance of payments surplus and the dollar would appreciate.
Which of the following countries has the highest level of average educational attainment?
a. Canada b. Italy c. India d. Sudan
Kevin Freeman is the head of a team developing plastic knee replacements. His research team has discovered an improved materials-handling procedure that reduces contamination of the product during assembly. The issue for the company after the discovery is
A. whether to transfer this new knowledge for general corporate use. B. to figure out how this discovery can be utilized to reduce influence costs. C. whether or not this specific knowledge can be implemented in the knee team's process. D. how this specific knowledge can be transferred to the company's whole production process.
Refer to the following graph.
The perfectly competitive firm depicted is currently:
A. incurring a loss that is larger than total fixed cost, and so the firm should shut down. B. earning positive economic profit. C. incurring a loss, but the loss is smaller than the firm's total fixed cost. D. earning zero economic profit.