Which of the following policies is not aimed at stimulating technological progress? a. subsidies to public universities. b. tax breaks on stock gains. c. tax breaks on research and development. d. the granting of patents. ANSWER B
Date: September 10th, 2020
The Economic Stabilization Act of 1970 gave private industry the right to establish wage and price controls, but President Nixon vetoed this power. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
The “Walker thesis,” that falling birth rates among native-born Americans was due to immigration, is reinforced by the view that immigrants were a direct capital transfer from Europe to America. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
A rightward shift of the BP curve occurs with a a. fall in the exchange rate. b. cut in taxes. c. decrease in government spending. d. an increase in exports. ANSWER D
Date: September 10th, 2020
The neoclassical growth model argues that the only way to increase growth in the long-run is a. increase savings rates. b. reduce depreciation rates. c. reduce population growth. d. increase technology growth. ANSWER D
Date: September 10th, 2020
Which of the following are expected consequences of common ownership of property and resources? (a) The threat of corrupt use (b) The danger of over use (c) Free riding (d) All of the above ANSWER (d)
Date: September 10th, 2020
In the case of Commonwealth v. Hunt (1842), the Massachusetts Court held that labor unions are not necessarily illegal. They may stop work and boycott products without committing unlawful acts. Indicate whether the statement is true or false ANSWER TRUE
Date: September 10th, 2020
Assuming perfect capital mobility and a fixed exchange rate, then an increase in government spending shifts a. the IS schedule only. b. both the IS and LM schedules to the left. c. both the IS and LM schedules to the right. d. the LM schedule to the left and the IS schedule to the right. […]
Date: September 10th, 2020
Keynesian economics endorsed the idea of (a) increased government spending as a counterforce against slumps or recessions. (b) reduced taxation as a counterforce against rising prices. (c) increased government spending as a counterforce against inflation. (d) decreased government spending as a counterforce against slumps or recessions. ANSWER (a)
Date: September 10th, 2020
The techniques of government regulation in the U.S. are intended to increase the degree of competitiveness in the domestic and international marketplaces. Indicate whether the statement is true or false ANSWER FALSE
Date: September 10th, 2020
