Tariffs and quotas are essentially identical in their effects
Indicate whether the statement is true or false
FALSE
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
A line is tangent to a curve if it
a. crosses the curve at one point b. touches the curve at one point, without crossing it c. crosses the curve at a minimum of two points d. never touches the curve e. forms a right triangle with the curve
One World View article is titled "Global Depression." The countries that experienced the Depression
A. Experienced higher employment levels than previously recorded. B. Suffered substantial losses of output and employment. C. Experienced high unemployment but an increase in output. D. Experienced GDP growth but at a rate below the long-term trend.
The failure set of attitudes—disrespect, dishonesty, unreliability—is usually seen by potential employers as a sign of?
A. ?high productivity. B. ?low productivity. C. ?independent thinking. D. ?rugged individualism.