Economists sometimes use the term "countercyclical"
What will be an ideal response?What will be an ideal response?
" to describe a federal government policy of increasing spending and cutting taxes in lean times and doing the reverse when the economy strengthens. State and local governments, in contrast, tend to follow a more procyclical policy, in which both recessions and booms are reinforced rather than counterbalanced
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Which of the following countries has the MOST physical capital?
a. the United States b. China c. Japan d. India
A conglomerate occurs when:
a. the products of the merging firms were not related in any manner before the merger b. one firm is a producer of products, and the other firm is a producer of services c. one firm is a domestic firm, and the other is a foreign company d. the firms stood in a buyer-seller relationship before the merger e. the merger partners were competitors