Exam 1: Introduction

Federal taxes have which of the following effects on the economy?

Top-down management of an economy by the government has consistently

Which of the following is an example of technological change?

Over the past 30 years,most countries have moved toward

Chinese leader Deng Xiaoping began what process in the 1980s?

Which of the following countries is NOT among the 10 largest economies in the world?

Governments generally take responsibility for

Why do economists disagree on so many economic policy questions?

Most people have _______ feelings about the financial markets.

The textbook says that which of the following is among the key forces shaping today's economy?

Deregulation in the United States began with what industry in the 1970s?

Technological change is the only reason for globalization.

Technological change is a key force in shaping today's economy.

The government provides what type of incentives to the housing industry in order to promote growth?

Deregulation includes reducing governmental control over some aspects of private industry,while increasing control of others.

The gross domestic product is calculated by adding up the

Economics competition can have which of the following negative effects on a domestic economy?

The most consistent force for economic growth and progress is

Suppose the government decides to eliminate some,but not all,of the rules that govern how investment banks conduct their business.This would be an example of

By total economic output (gross domestic product),the United States ranks as the ______ largest economy in the world.