Supply-side economists argue for substantial regulation in the economy, particularly in banking, energy, and transportation
Indicate whether the statement is true or false
F
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Which of the following does NOT explain why developing countries encouraged new manufacturing industries of their own in the mid 20th century?
A) They were cut off from traditional suppliers of manufactures during WWII. B) Former colonial areas had something to prove; they wanted to attain the same income levels as their former rulers. C) Leaders of these countries feared that their efforts to escape poverty would be doomed if they continues to specialize in primary commodity exports. D) There was political pressure to protect these industries. E) Developing countries ran out of the natural resources that traditionally made up the majority of their trade.
The U.S. system of property rights
(a) is strictly private. (b) is influenced by a mix of private and public forces. (c) does not permit governmental seizure of property under any circumstances. (d) does not permit the government to seize earned income through taxation.
Under the rational criminal model, a decrease in the probability of getting caught will
A. increase unemployment among pro bono defense attorneys. B. increase crime. C. have no effect on crime. D. decrease crime.
What is the policy used most by the Fed to change the money supply?
(A) Changes in the money creation policy. (B) Changes in the discount rate. (C) Open market operations. (D) Changes in the reserve requirements.