Which of the following is a major argument of trade optimists?
(a) Industrial policy can increase productivity of developing country manufacturing efficiency.
(b) New synthetic substitutes are constantly being discovered and improved.
(c) Developing country efficiency would improve with trade liberalization.
(d) All of the above.
C
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An increased federal budget deficit resulting from a recession can actually help stabilize an economy, because corporate profits tend to fall in a recession which, in turn, results in ________ corporate taxes and ________
A) lower; increases in the price level B) lower; fewer spending cuts for businesses C) higher; larger profits for businesses D) higher; more tax revenue for the government
Walmart wants to raise $250 million to finance the renovation of their retail stores, and the company wishes to raise the funds through indirect finance. Which of the following methods could it use?
A) It could sell $250 million in bonds. B) It could issue $250 million in stock. C) It could borrow $250 million from a bank. D) It could choose either A or B.