Which of the following is NOT an example of an automatic stabilizer?
A. Welfare and transfer payments
B. Taxes on corporate profits
C. Unemployment insurance
D. The tax cuts of 1981-1983
D. The tax cuts of 1981-1983
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If the monetary base doubles but the ratios of currency/deposit and reserves/deposits remain the same, then:
a. The money supply doubles. b. The money supply quandrouples. c. The money supply changes by two times the money multiplier. d. The money supply remains unchanged.
In the U.S., the ________ and the ________ prohibit firms from explicitly agreeing to take actions that reduce competition
A) Department of Justice Act; Federal Trade Commission Act B) Sherman Antitrust Act; Federal Trade Commission Act C) Per Se Act; Sherman Antitrust Act D) Pareto Act; Anti-Cartel Act
When people forget that money is ____________ they often make ______________ decisions.
A. fungible; liquid B. fungible; irrational C. liquid; irrational D. liquid; rational
What is the most innovative feature of the International Criminal Court (ICC)?
a. Its focus is on the individual criminal, not the state. b. Its authority affects every nation on earth, not just voluntary members. c. Its decisions are made by an international jury, not a panel of judges. d. Its goal is to safeguard human rights, not punish criminal behavior.