Lead in the air is_____ than its 1975 level.
A. 97% more
B. 99% less
C. 3% less
D. 3% more
Answer: B
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The consumer price index and the GDP deflator are two alternative measures of the overall price level. Which of the following statements about the two measures is correct?
a. The two measures are constructed differently, but they always indicate the same inflation rate. b. The substitution bias applies equally to both measures. c. A change in the price of Korean televisions is reflected in the U.S. consumer price index but not in the U.S. GDP deflator. d. All of the above are correct.
The three types of farm subsidies under the Food, Conservation, and Energy Act of 2008 are:
A. Equipment coupons, land leases, and income contributions B. Marketing agreements, transition payments, and interest loans C. Direct payments, countercyclical payments, and marketing loans D. Public land sales, fertilizer discounts, and farm bank loans
A bank run occurs when:
A) a bank experiences an extraordinarily large volume of withdrawals. B) a bank sells its assets to its own stockholders. C) the central monetary authority regulates the functioning of banks. D) a bank's assets exceeds its liabilities.
It may be argued that Japan's explicit promotion of its microchip industry was an excellent example of successful industrial policy
What criteria would you apply to determine whether such a policy is or is not successful? Judging from your own stated criteria, was Japan's exercise successful? Why or why not? What information would a government require in order to increase the probability that its industrial policy would promote long term self-generated economic growth?