Policy should create an environment in which the economy can expand its productive capacity rapidly, because that is the ultimate source of higher living standards. This task is the realm of
A. growth policy.
B. stabilization policy.
C. labor policy.
D. inflation policy.
Answer: A
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Which of the following is an effect of a price ceiling set below the equilibrium price?
A) Less of the good is produced with the ceiling than would be produced without the ceiling. B) The price ceiling has no effect on the market equilibrium. C) Consumers can buy more than they can at the equilibrium price because the ceiling price is lower. D) None of the above answers is correct.
In general, a fine on smoking cigarettes shifts the ________ curve of cigarettes ________
A) supply; rightward B) supply; leftward C) demand; rightward D) demand; leftward
The main determinant of the discount rate on a privately issued bank note was:
a. how long the issuing bank had been in operation. b. who was on the issuing bank's board of directors. c. the general reputation of the issuing bank. d. the distance of the issuing bank from the location where the note was being used.
What is intra-industry
a. trade in different goods between two countries b. trade in the same company between countries c. trade in the same industry between two countries d. trade in different goods in different countries