Which of the following is an important lesson that can be drawn from the experience of the Great Depression?
a. Frequent shifts in monetary policy can help smooth out unstable economic conditions during a recession.
b. Trade restrictions can "save jobs" and expand total employment during an economic downturn.
c. The good intentions of political decision-makers are no substitute for sound policy.
d. The federal government should always balance its budget during a recession.
C
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What did Robert Gilpin mean when he wrote that modern realists know little about international politics that Thucydides did not know in the fifth century BCE?
a. Compared to those times, the twentieth century had been a revolutionary period. b. The world still revolved around political ideologies, theories, and arguments. c. Much had changed, but the underlying nature of international politics had not changed. d. Modern realists had not advanced the body of knowledge in political science very much.
As the price of a resource (e.g., labor) decreases,
a. demand for that resource increases b. the quantity demanded of that resource decreases c. the supply of that resource increases d. producers are more willing and able to hire that resource e. producers are less willing and able to hire that resource