Author Question: One clear function for the government to play in an economy is to: a. Promote research and ... (Read 68 times)

cool · **on:** Jun 30, 2018

One clear function for the government to play in an economy is to:
a. Promote research and development by providing tax breaks to domestic industries that will eventually be able to compete internationally.
b. To provide needed goods and services that otherwise would not be provided effectively and/or efficiently by the private sector.
c. Levy tariffs and other forms of protection to protect infant industries that will grow to international stature in the future.
d. Run deficits when a nation is growing and surpluses when it is contracting.

Question 2

Assume that Currency 1 appreciated in terms of Currency 2 . Which of the following statements is always true?
a. Currency 2 appreciated as well in terms of currency 1.
b. Currency 2 may have appreciated or depreciated in terms of currency 1.
c. Currency 2 depreciated in terms of currency 1.
d. Currency 2 appreciated in terms of any currency.
e. Currency 2 depreciated in terms of any currency.