Preservation of national security is one argument in favor of trade restrictions.
Answer the following statement true (T) or false (F)
True
Protecting key industries such as the steel industry can be justified in the name of maintaining access to important war materials.
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Hughes and Cain (2011) ask: Who suffered from the tariff in the 19th century? What was their answer?
(a) the government (b) producers of import-competing goods (c) consumers (d) workers in import-competing industries
If the real interest rate is below equilibrium, which of the following is likely to occur? a. Lenders will raise their interest rates which will encourage saving
b. Lenders will raise their interest rates which will encourage borrowing. c. Lenders will lower their interest rates which will encourage saving. d. Lenders will lower their interest rates which will encourage borrowing.
When planned autonomous spending rises, the planned expenditure line
A) makes a parallel shift downward. B) makes a parallel shift upward. C) pivots upward from the vertical intercept. D) pivots downward from the vertical intercept.
It is impossible for the government to maintain a balanced budget while using fiscal policy to eliminate a recessionary gap.
Answer the following statement true (T) or false (F)