In which case is the transition from short run to long run likely to involve the shortest chronological time period?
A. A service that provides temporary secretaries to companies
B. An automobile factory
C. A farm
D. An electric utility
Answer: A
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Under a k-percent rule, if the economy goes into expansion, the Fed would
A) increase the quantity of money. B) raise the federal funds rate. C) lower tax rates to keep revenue constant. D) lower the federal funds rate. E) None of the above answers is correct.
Which organization has the goal of helping to provide capital and investment assistance to less-developed nations?
a. The World Trade Organization b. The International Development Fund c. The European Union d. The International Monetary Fund e. NATO
Using the impartial spectator tool, one arrives at normative judgments based on your estimation of:
A. the goals of those individuals most harmed by the policy being considered. B. the best science available. C. your own normative judgments. D. what the blended judgment of all members of society would arrive at.
If a nation wants to get the most out of its resources, each productive assignment should be carried out by those persons who
What will be an ideal response?