Which of the following positions would a mercantilist support?
a. Trade in manufacturing goods is good for the US.
b. Imports to the U.S. from Japan are beneficial to the U.S.
c. Exports from Japan to the U.K. are beneficial to Japan.
d. Movement of labor from UK to US is beneficial to US.
c
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An employee in a department store often steals goods when other employees are not around. Because the store does not have a surveillance camera, the store manager is unable to monitor his activities. This behavior is an example of ________
A) adverse selection B) moral hazard C) internalization of externalities D) the paradox of thrift
Suppose net exports were zero. How would this change the macroeconomic equilibrium point?
a. It would shift left on the top line.
b. It would shift right on the top line.
c. It would move to the intersection of C + I + G and the vertical line.
d. It would move to the intersection of C and the vertical line.