$50.00 --For the following three questions matc

• From Economics: General-Economics
• Due on Dec. 04, 2008
• Asked on Dec 03, 2008 at 11:26:45PM

Q:

--For the following three questions match the good with its significance. Each one is only used once. (20. potato chips, 21. panty-hose 22.eggs). a. the good to follow to see if market reforms in Poland were really working. b. threw guards off the trail while a british soviet spy was escaping the soviet union. c. shortage in the soviet union represented the general lack of consumer goods in the soviet union. d. the good to follow to see if market reforms in Chile were really working. --The _____ treaty was negotiated by the first President Bush and became an issue in the 1992 Presidental election. The treaty involved _____. a. NAFTA/ lowering trade barriers. b. NAFTA/raising most tariffs in order to pressure Mexico into enforcing its environmental laws. c. ERA/lowering trade tarrifs. d. WTO/ raising most tariffs in order to pressure Mexico into enforcing its environmental laws. --The article on cultural differences in schools in the US and china suggests that if there is an Adam Smith way of thinking it is in a. us schools. b. chinese schools c. the chinese government. d. both a and b are correct. --Which of the two talked about the problem of insufficient spending? a.Adam Smith & John Maynard Keynes b. John Maynard Keynes. c. Adam Smith and Karl Marx d. Groucho and Harpo Marx --Dialectic materialism refers to which of the following concepts? a. hunger and pain b. happiness and sadness c. economic circumstances and conflict d. conflict and utility maximization ----The utopian socialists can best be described as a. realistic about how humans really behave b. dreamers, and their ideas were welcome to some who wanted to mitigate the harsh effects of early industrialism and capitalism. c. laissez-faire capitalists d. those who thought that humans are naturally evil. --Comparative advangage is the ability of a country to produce a good at a _________ opportunity cost relative to other countries. It ______ possible to have a comparative advantage even if the country does not have an absolute advantage in producing anything. a. higher/is b. lower/is c. equivalent/is not d. higher/is not ---Use the following information for the next two questions: The US can produce 4 tons of potatoes per day or 2 tons of wheat per day. Ireland can produce 3 tons of potatoes per day or one ton of wheat. The US has absolute advantage in producing a. potatoes b. wheat c. both d. neither The US has a comparative advantage on producing a. potatoes b. wheat c. both d. neither ---The monetarists want to take away the discretionary authority of the Federal Reserve Board of Governers to decide how much money supply should grow every year a. true b. false ----Supply - side economics advocates a. demand management b. supply management c. decrease marginal tax rates d. both b&c are correct ----Which of the following is the main difference between the rational expectations model and the accelerationism model? a. none, since they both assume a natural rate of unemployment. b. none, since they both support a nonactivism philosophy c. the rational expectations model does not have a short-run period in which the unemployment rate is lower than the natural rate d. both a&b are correct ---The Laffer curve of supply - side economics shows that it is not always possible to increase tax revenues by increasing marginal tax rates a. true b. false ---Which of the following do the authors in the St Louis Fed article on productivity in higher education see as problems in higher education a. tuition increases greater than the rate of inflation b. low or no productivity growth in higher education c. tuitition increases at about the rate of inflation d. both a&b are correct.

 

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