When regulations interfere with exchange and limit entry into various businesses and occupations, they will
a. help a country achieve more rapid economic growth.
b. promote more efficient use of investment capital by entrepreneurs.
c. retard economic progress.
d. increase the profits of business firms.
C
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A demand curves describes
a. the amount of units a consumer will purchase at a given price b. the amount of units a producer will sell at a given price c. both the amount of units that a consumer will buy and a producer will produce at a given price d. the amount of units supplied given a change in prices
What is the balance of trade is sometimes called?
a. balance of payments b. balance of exchange c. balance of financial capital d. balance of goods and services
A central bank is
A. an international bank. B. the same as the government. C. the largest bank in the country. D. a banker's bank.
To describe the feelings of investors, the phrase "animal spirits" of entrepreneurs was coined by
A. Adam Smith. B. Karl Marx. C. John Maynard Keynes. D. Milton Friedman.