The Employment Act of 1946 continues to impact us today. It gives the federal government official responsibility in managing full-employment efforts in the U.S. through fiscal policy
Indicate whether the statement is true or false
True
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Choose one of the arguments countries generally use to justify protection for a particular industry. Describe the argument and any inherent problems with it. Is the argument primarily an economic or a noneconomic one?
What will be an ideal response?
If a nation has flexible exchange rates and its current and captial accounts equal zero, then the:
a. Financial account must be positive b. Financial account must be zero. c. Reserves account can be positive or negative depending on the size of the budget deficit and exchange rate. d. Financial account plus reserves account must equal zero.
If profit-maximizing, this firm will charge a price of
A. $8.
B. $10.
C. $12.
D. $16.
Producers:
A.) Provide dollars to the product market. B.) Purchase factors of production from the factor market. C.) Do not participate in the factor market. D.) Provide factors of production to the product market.