Regarding open economies, economists tend to find evidence that
A) the more closed an economy is, the higher the rate of growth the economy will experience.
B) trade tariffs tend to improve economic growth.
C) free trade encourages a more rapid spread of technology, and hence increases economic growth.
D) open economies tend to have access to smaller markets than do closed economies.
C
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Unlimited liability is a distinct advantage of the proprietorship.
Answer the following statement true (T) or false (F)
The Federal Reserve stepped in to help
a. Bear Stearns but not Lehman Brothers. b. Lehman Brothers but not Bear Stearns. c. both Bear Stearns and Lehman Brothers. d. neither Bear Stearns nor Lehman Brothers.
If a tax is levied on the sellers of a product, then the supply curve will
A. shift up. B. become flatter. C. shift down. D. not shift.
According to Okun's Law, if the natural rate of unemployment is 5% and the actual unemployment rate is 4%, what is the level of full-employment output if output equals $10,125 billion?
A. $10,226 billion B. $10,025 billion C. $9926 billion D. $10,328 billion