A nation can determine how close it is to the classical range by considering its:
a. Export position.
b. Net export position.
c. Capacity utilization index.
d. Exchange rate.
e. All of the above.
.C
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What would happen if money did not exist?
An alternative to rent-control laws that would not reduce the quantity of housing supplied is
a. the payment by government of a fraction of a poor family's rent. b. higher taxes on rental income earned by landlords. c. a policy that prevents landlords from evicting tenants. d. a policy that allows government to confiscate residential property for the purpose of commercial development.
In which of the following examples, would the tax burden most likely fall on the producer?
a. A producer can significantly increase production by hiring more staff and improving training. b. A producer’s production method has recently been updated, increasing capacity. c. A producer’s factory is in an area that significantly limits expansion, and he doesn’t have funds to relocate. d. A producer’s factory is in an area that has few regulations for development.
What would happen in the market for rental housing in your community if the local government legally mandated rents that were below the market clearing price?
A) There would be a surplus of rental housing. B) There would be a shortage of rental housing. C) The demand for rental housing would increase. D) The supply of rental housing would decrease.