Assuming perfect perfect capital mobility, the BP schedule is a. vertical. b. horizontal. c. upward sloping. d. downward sloping. e. flat. ANSWER B
Date: September 10th, 2020
The founders of the U.S. Constitution clearly understood how to write a document capable of producing the amount of wealth presently accumulated in the U.S. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The objections to the Walsh-Healy Act of 1936, which mandated “prevailing wages” in government employment, (a) concerned the tendency of government wages to undercut those of the private sector. (b) came from the labor unions. (c) held that unemployment would be maintained artificially high. (d) held that payment of prevailing wages would reduce the national […]
Date: September 10th, 2020
Which of the following factors would increase capital mobility? a. fixed exchange rates. b. differences in tax laws between countries. c. different accounting standards between countries. d. both a and b. e. All of the above. ANSWER A
Date: September 10th, 2020
The American Revolution changed the basic structure of private property rights inherited during the colonial period. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The right to grant charters to incorporated firms is reserved to the federal government, according to the Constitution. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
In an open economy, there should be a close positive relationship between a. budget deficits and interest rates. b. trade deficits and budget deficits. c. savings and investment. d. investment and consumption. e. none of the above. ANSWER E
Date: September 10th, 2020
Olson (1971) argues that the gains from private competition cannot be exceeded by the gains from collective action. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
Keynesian and classical theories agree that: a. AS is upward sloping in the short-run. b. AS is vertical in the long-run. c. sustained AD shocks can also shift AS in the long-run. d. all of the above. ANSWER B
Date: September 10th, 2020
Incorporated firms first began appearing in the 1850s. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
