Mercantilism held that
A) silver alone was the mainstay of national wealth.
B) gold alone was the mainstay of national wealth.
C) silver and gold were the mainstays of national wealth.
D) silver and gold are not important for national wealth of a country.
E) labor forces were the mainstay of national wealth.
C
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Having interest rate stability
A) allows for less uncertainty about future planning. B) leads to demands to curtail the Fed's power. C) guarantees full employment. D) leads to problems in financial markets.
Savings that pay for capital investment can come from:
A. outside a country. B. within a country. C. domestic savings. D. All of these are true.
Define the following terms completely and concisely. a. Marginal revenue b. Average revenue c. Optimal decision d. Satisficing e. Marginal profit
What will be an ideal response?
The effects of a tariff are
A) reduced quantity supplied overall, reduced quantity supplied by domestic producers, and a lower price. B) reduced quantity supplied overall, increased quantity supplied by domestic producers, and a higher price. C) reduced quantity supplied overall, decreased quantity supplied by domestic producers, and a lower price. D) identical to the effects of a quota, except that the price of the good is higher.