How does the "rule of law" increase wealth for a country?
A. It is up to society to make decisions and they can choose whatever rules they want.
B. Rule of law takes away incentives for the business.
C. Known and predictable laws make governing a business less risky.
D. It guarantees business owners profit which improves the country's standard of living.
Answer: C
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New classical economists believe that the classical model
a. with the rational expectations assumption added provides a role for activist stabilization policies. b. is a poor starting point to construct new macroeconomic models. c. with the rational expectations assumption substituted for the perfect information assumption provides a starting point for constructing useful macroeconomic models. d. is equivalent to the monetarist model. e. both c and d.
Refer to the above table. Suppose the transactions in the table are added to a balance of payments account that is already in balance. What will have to take place to keep the balance of payments in balance?
A) Nothing will have to be done as the accounts are in balance. B) Nothing will have to be done as the accounts are in equilibrium. C) The U.S. government will have to make official reserve transactions equal to $10,000. D) Foreign governments will have to make official reserve transactions equal to -$10,000.
The main proponent of the liberal view of poverty is
A. Charles Murray. B. William Julius Wilson. C. Nicholas Lemann. D. David Rogers.
Microsoft has been accused of violating an antitrust law pertaining to bundling.
Answer the following statement true (T) or false (F)