The more difficult the goal, the more likely military force is going to be needed to back up economic sanctions

Refer to Table 2-6. What is James's opportunity cost of making a tricycle?

A) 2 tricycles B) 3/4 of a wagon C) 1/2 of a wagon D) 1/2 of a tricycle

An effective policy of governmental intervention in the economy requires all of the following except one. Which is the exception?

a. The will to reject sound policy if it gets in the way of political considerations b. The ability to estimate the economy's potential level of output c. The ability to predict what would happen without intervention d. An assortment of effective tools of discretionary policy e. The ability to achieve effective cooperation between fiscal and monetary policy makers