Reference no: EM131378501
1- The effect of the harsh budget cuts required by the European countries who made emergency loans to Greece in 2011 was:
a-the speedy return of the Greek economy to full employment.
b-an inflationary gap in the Greek economy.
c-that the Greek economy fell into a liquidity trap.
d-that the Greek economy became even more depressed and was unable to repay its debts in full.
2- When the central bank acts as a lender of last resort, it:
a-raises reserve requirements.
b-reduces reserve requirements.
c-provides a liquidity trap.
d-provides funds to financial institutions when they are unable to borrow from the private credit markets.
3- The sweatshop labor fallacy is the belief that
a-workers in low-wage countries are hurt by imports from high-wage countries.
b-workers in high-wage countries are hurt by imports from low-wage countries.
c-workers in low-wage countries are impoverished by trade.
d-workers in high-wage countries are impoverished by trade.
4.
The figure shows the production possibilities curves for the U.S. and Mexico in the production of refrigerators and tractors. If each country specializes according to its comparative advantage, what will be the outcome?
a-The U.S. will do all the manufacturing for both countries.
b-Mexico will do all the manufacturing for both countries.
c-Mexico will manufacture refrigerators and import tractors.
d-The U.S. will manufacture refrigerators and import tractors.
5- An import quota differs from a tariff in the respect that
a-the quota will not result in higher prices.
b-the quota will not cause any reduction in consumer surplus.
c-the quota will not collect any revenue for the government.
d-the quota will not offer any protection for domestic suppliers.
|
A tax levied on the buyers of product
: A tax levied on the buyers (demand side) of a product: Which of the following can occur as a result of advertising in a monopolistically competitive market? Check all that apply. An adverse effect of rent control is that it creates a shortage in the ..
|
|
The world trade organization
: According to the article " IMF: Austerity is much worse for the economy than we thought", the austerity measures made European economies worse because. The World Trade Organization (WTO):
|
|
Tax credit designed to increase domestic investment
: Suppose Congress (in an attempt to stimulate the economy in both the short and long run) passes an investment-tax credit designed to increase domestic investment. How will this policy affect national saving? domestic investment? net capital outflow? ..
|
|
Focusing on the nature of club goods and/or public goods
: Explain the advantages and disadvantages of toll roads compared to toll-free roads by focusing on the nature of club goods and/or public goods.
|
|
Effect of harsh budget cuts required by european countries
: The effect of the harsh budget cuts required by the European countries who made emergency loans to Greece in 2011 was: The sweatshop labor fallacy is the belief that. The figure shows the production possibilities curves for the U.S. and Mexico in the..
|
|
Consumers and businesses with debt overhang are likely
: Consumers and businesses with debt overhang are likely to. What term is applied to situations in which the failure of one financial institution increases the odds that another will fail? Lehman Brothers collapsed when.
|
|
How to achieve competitive advantage
: Identify the conditions under which a firm operates as perfectly competitive, monopolistically competitive or a monopoly. Explain the concept and how to achieve competitive advantage.
|
|
Determine the npw of the machine
: ABC Inc. must purchase a welding machine. The following is known about the machine and about possible cash flows. p=.40 p=.30 p=.30 First cost $40,000 $40,000 $40,000 Annual savings 2,000 5,000 8,000 Annual costs 12,000 8,000 6,000 Actual salvage val..
|
|
What has the somatic-marker hypothesis has to with it
: How does the visceral factors and the gut feelings developed over the time. What are their different viewpoints and how they shape our decision. What has the somatic-marker hypothesis has to with it?
|