Which of the following phrases does not accurately describe a feature of the European economy during the Renaissance period?
a. Technological advances in navigation
b. The rise of nation-states
c. Declining population
d. Increased security of persons and property
c. declining population
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A Pareto improvement is
a. an action in which the gains to the gainers outweigh the losses to the losers b. any action that does not harm a third party c. an action that makes at least one person better off, and no one worse off d. any action that involves a side payment to a third party e. the typical outcome of government action
At the time it occurs, external financing of the debt allows the economy to
A. Export more goods and services. B. Consume beyond the production possibilities curve. C. Reduce the size of the national debt. D. Reduce the deficit ceiling.
If Urban Outfitters borrows $25 million from a bank to finance the construction of a new store, this is an example of
A) a stock market transaction. B) direct finance. C) a bond market transaction. D) indirect finance.
The World Bank:
A. is also known as the International Monetary Fund (IMF). B. lends money to developing nations for basic infrastructure projects such as dams, irrigation, health and sanitation, communications, and transportation. C. is an affiliate of the World Trade Organization (WTO). D. provides subsidies to private firms so they can improve their wages and working conditions.