If financial turmoil overseas reduces U.S. net exports, then those in favor of "lean against the wind policies" would advocate
a. decreasing the money supply and cutting taxes.
b. decreasing the money supply and raising taxes.
c. increasing the money supply and cutting taxes.
d. increasing the money supply and raising taxes.
c
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Complete the sentence. An entrepreneur advances a project only if the expected marginal benefit exceeds the expected marginal cost,
A) and so does a government bureaucrat. B) but a government bureaucrat advances a project only if the marginal cost exceeds the marginal benefit. C) but a government bureaucrat is in no position to determine the cost of his own action. D) but a government bureaucrat has no concern about the benefit of his own action.
A ________ is the price at which a trading partner is indifferent between making the trade and not doing so
A) market value B) reservation value C) shadow value D) discounted value