Political creative destruction is likely to be opposed:
A) equally in all types of economies.
B) more in a market economy than in a command economy.
C) more in an economy with inclusive institutions than in an economy with extractive institutions.
D) less in an economy with inclusive institutions than in an economy with extractive institutions.
D
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Imports are:
A) positively related to income in the rest of the world and currency appreciation. B) positively related to income in the rest of the world and currency depreciation. C) positively related to domestic income and currency appreciation. D) positively related to domestic income and currency depreciation.
One of the costs of shifting from a business form that has unlimited liability to one that has limited liability is the
a. reduction in profit levels b. loss of expansion opportunity c. loss of a white knight d. loss of complete control over all aspects of the business e. unlimited debt potential
An increase in the minimum wage
a. reduces structural unemployment. b. reduces frictional unemployment, c. increases structural unemployment. d. increases frictional unemployment.
What do modern central bankers not do?
What will be an ideal response?