Is the call for protection on the basis of "infant industry" valid?
a. No, because protection has no place in industrial development.
b. No, protection is always improper.
c. Uncertain, economic theory has no answer to this question.
d. Yes, although it can be overstated and abused.
d
Economics
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If the Federal Reserve sells $1,500 in bonds and the resulting money supply change is $7,500, what is the required reserve ratio?
a. 5.0 b. 0.2 c. 0.1 d. 0.4 e. 0.8
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In the mid-1980s the natural rate of unemployment in the U.S. was about __________ while at present it is about __________
a. 10%; 2.5% b. 6.5%; 4.5% c. 4.5%; 6.5% d. 6.5%; 6.2% e. 6.5%; 10.0%
Economics