To offset the effect of a steep fall in net exports on the economy, the government might:
a. increase government purchases.
b. decrease government purchases.
c. increase taxes
d. none of the above.
a
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In the final two decades of the twentieth century, per capita income in sub-Saharan Africa
A) remained relatively unchanged. B) increased by approximately 35 percent. C) increased by more than 75 percent. D) decreased by approximately 6 percent.
Suppose that in 2012, real GDP is larger than nominal GDP. The GDP price index in 2012 is definitely
A) less than 100. B) larger than the GDP price index in 2012. C) greater than 100. D) negative. E) less than the GDP price index in 2012.
To determine guilt of cartelizing, the antitrust laws use
A) evidence of conspiracy. B) economic effect. C) evidence of tacit collusion without meeting. D) None of the above.
What development in the 1970s and 1980s is considered one of the most extensive experiments in industrial policy in the last half-century?
A. Extensive antitrust enforcement B. Increased breakups of monopolies C. Deregulation of industries D. Fostering natural monopolies