How can governments intervene in trade?

A. by producing cheaper products
B. by helping reduce economic uncertainty
C. by not buying products from competing countries
D. All of these


Answer: B

Economics

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Keynesians believe that to help ensure full employment production, we should use

A) both counter-cyclical monetary and fiscal policy. B) a money supply rule and counter-cyclical fiscal policy. C) counter-cyclical fiscal policy only. D) counter-cyclical monetary policy only.

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Marginal utility tends to fall as a person increases his or her consumption

a. True b. False Indicate whether the statement is true or false

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Two products that serve similar purposes for a consumer would be referred to as

a. substitutes. b. complements. c. inferior goods. d. unrelated goods.

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Some critics have argued that moving children to private schools might reduce the _________ of education.

A. pure public goods aspect B. positive externalities C. size of library holdings D. size of teachers unions influence

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