Information facilitates exchange by fostering competition
Indicate whether the statement is true or false
TRUE
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The usefulness of money in commercial societies comes from the fact that
A) money is backed by gold. B) most people will change their behavior at least a little in response to money incentives. C) most people will do anything at all for money. D) most people would rather spend money than save it. E) the quantity of money can easily be expanded or contracted.
International trade
A) accounts for more than 90 percent of world economic activity. B) is a relatively small (about 30 percent of world output) but growing part of world economic activity. C) has been growing at about the same rate as the world economy. D) Both A and C.
IPOs have become very important in the U.S. economy because they are a major source of financing for
A) so-called "blue-chip" companies. B) hedge funds. C) internet companies. D) mutual funds.
The U.S. military aircraft industry sought protection from foreign competition by using the __________ argument to persuade Congress to impose trade restrictions
a. infant industries b. diversity of industries c. retaliation d. antidumping e. national security