Real business cycles are cycles in ?
Real business cycles are cycles in ?
A. potential output
B. actual output
C. real output
D. international trade
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Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?
Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?A. Decreasing business activity
B. Falling prices
C. Unemployment
D. All of theseThe theory of international exchange that holds that exchange rates adjust to offset differences in countries inflation rates in the ?
The theory of international exchange that holds that exchange rates adjust to offset differences in countries inflation rates in the ?A. price feedback theory
B. trade feedback theory
C. J-curve theory
D. purchasing power parity theoryWhich of the following is not considered a transaction cost incurred by parties in the process of contracting to eliminate a pollution externality ?
Which of the following is not considered a transaction cost incurred by parties in the process of contracting to eliminate a pollution externality ?A. costs incurred due to lawyers’ fees
B. costs incurred to reduce the pollution
C. costs incurred to enforce the agreement
D. costs incurred due to a large number of parties affected by the externality
E. All of these answers are considered transaction costsThe basic economic problems will not be solved by ?
The basic economic problems will not be solved by ?A. Market forces
B. Government intervention
C. A mixture of government intervention and the free market
D. The creation of unlimited resourcesGovernments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?
Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?A. Certificates
B. Sureties
C. Security bonds
D. BondDifference in environmental standards or other government regulations among nations ?
Difference in environmental standards or other government regulations among nations ?A. have no impact on patterns of international trade
B. have tended to make U.S steel companies more competitive internationally
C. can affect production costs and thus alter comparative advantages and trade patterns
D. have been eliminated by the nations participating in NAFTA