When the evolution of new technologies is unknown, or it is unclear which country has the "best" rules for standards, the adoption of ________ is the superior option
A) a harmonization of standards
B) separate standards
C) mutual recognition standards
D) larger country standards
E) All of the above.
C
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In a graph with output in the Y axis and efficiency units of labor in the X axis, which of the following causes a rightward movement along the aggregate production function?
A) A decrease in the capital stock B) An increase in the total efficiency units of labor C) An improvement in technology D) A decrease in the productivity of workers
Changes in reserve requirements directly and immediately affect
A) the monetary base. B) banks' holdings of securities. C) the Fed's holdings of foreign exchange. D) the money multiplier.
Usury laws result in banks making less credit available to lower-income households because
A) higher-income households will pay a higher interest rate than lower-income households. B) loans made to higher-income households have no risk. C) loans to lower-income households are riskier than loans to higher-income households. D) the regulated interest rate does not adequately compensate the bank for the risk of the loan to a lower-income household.
Refer to the graph above. Which of the following would shift the investment demand curve from ID 2 to ID 1?
Increasing business taxes Rising real interest rates Higher expected rates of return on investment Lower acquisition cost of capital goods