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August 21, 2014

Homework Help: Economics

Posted by Rick on Tuesday, March 13, 2012 at 9:00pm.

I have a few questions, for my test coming up.

Which of the following is most necessary for specialization among producers to take place?

Free trade

Monetary policy

Competition

Scarcity
Which of the following best states the purpose of an import quota?

To reduce competition from foreign producers.

To lower taxes and limit government spending.

To increase the gross domestic product.

To prevent a budget deficit.

Which of the following is an example of a fiscal policy?

Lowering the interest rate on loans to corporations.

Allowing workers to bargain collectively.

Increasing taxes to pay for greater military spending.

Setting up an unemployment insurance program.

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