Intraindustry trade refers to
A) international trade of products made within the same industry.
B) international trade of products made across different industries.
C) trade that occurs as a result of comparative advantage.
D) the exchange of non-similar items.
E) trade that occurs mostly within developing countries.
A
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Which of the following is true for taxes? They
A) are always administered fairly. B) are a necessary part of living in an economy with a fair distribution of income. C) are always administered without creating unfairness or inefficiency. D) are an involuntary transfer of private property. E) do not create a big tradeoff problem.
What is the present value of ten payments of $200 at the end of each of the next ten years if the interest rate is 7 percent?
A) $1,396.78 B) $890.00 C) $1,825.36 D) $1,404.71
Which of the following statements about the effects of an increase in government purchases is most accurate?
a. In the classical model, it will cause complete crowding out. In the short-run macro model, crowding out will be incomplete. b. In the classical model, it will cause incomplete crowding out. In the short-run macro model, crowding out will be complete. c. Crowding out will be complete in both the classical and short-run macro model. d. Crowding out will be incomplete in both the classical and short-run macro model. e. In the classical model, the increase in government spending will lead to a decrease in investment spending and autonomous consumption. In the short-run macro model, it will not.
(Consider This) Which of the following is an example of economic investment?
A. Volvo buys an old factory building from General Motors. B. Nike buys a new machine that increases shoe production. C. Bill Gates buys shares of stock in IBM. D. Warren Buffet buys U.S. savings bonds.