Monetarists believe that to promote long-term economic growth, national governments should:
a. Increase government spending and reduce taxes.
b. Reduce government spending and increase taxes.
c. Promote research and development with federal funds.
d. Impose tariffs and quotas until the nation is on its feet.
e. Create stable and predictable political environments and encourage competitive markets.
.E
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What is the elasticity of residual supply faced by the USA in the cashew juice market, where the market supply elasticity is 1, the elasticity of demand of the other countries is -2, and the U.S. imports 10% of the world's cashew juice production?
A) 14 B) 20 C) 28 D) 34
A normal good is one:
A. whose amount demanded will increase as its price decreases. B. whose amount demanded will increase as its price increases. C. whose demand curve will shift leftward as incomes rise. D. for which the consumption varies directly with income.