One of the early founders of the European welfare state
a. Marx
b. Kaiser Wilhelm
c. DeGaule
d. Bismarck
e. Erhardt
D
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If a country's imports of goods and services exceeds its exports, ________.
A. GDP equals the sum of consumption, investment, and government purchases B. net exports are positive C. GDP is less than the sum of consumption, investment, and government purchases D. GDP exceeds the sum of consumption, investment, and government purchases
If the government institutes a specific tax for a good
A) the producer simply passes the entire tax on to the consumer. B) the producer must absorb the entire tax. C) the producer can generally only pass part of the tax onto the consumer. D) the equilibrium price drops.
Collaterized debt obligation CDO
What will be an ideal response?
Positive economic analysis
A. involves value judgments. B. concerns what ought to happen. C. addresses factual issues. D. is subjective.