Suppose the government of a small island country does not currently have any automatic stabilizers in place but they decide to implement them with the expectation of an impending recession. Which of the following would be most effective?
A. Institute a 4-year term policy for the president.
B. Begin collecting property taxes.
C. Create an unemployment compensation program.
D. Pass legislation for a one-time investment in infrastructure.
Answer: C
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Brazil only exports coffee and its price is $15 . It only imports crackers and its price is $10 . Brazil's terms of trade is
a. 15 b. 150 c. 67 d. 167 e. 100
Which one of the following was a basic economic conflict between the North and the South in the years preceding the Civil War?
A. The North opposed the high protective tariffs the South supported to protect its manufactured goods. B. The South opposed the high protective tariffs the North supported to protect its manufactured goods. C. The North demanded the abolition of slavery. D. The North opposed the building of a transcontinental railroad.
Figure 4-23
Refer to . In which market will the tax burden be most equally divided between the buyer and the seller?
a.
market (a)
b.
market (b)
c.
market (c)
d.
All of the above are correct.
What are the coordinates for the point on the MR curve?
a. P* and 0
b. P* and q"
c. MC and 0
d. MC and q*