Question

can you answer these questions

Hayek believed that the economy could be hard to measure because

individuals have the power to make decisions and are unpredictable.
individuals have the power to make decisions and are predictable.
government has the power to make decisions and is unpredictable.
government has the power to make decisions and is predictable.

Which best describes why governments enact tariffs?

to reduce the price of domestic products
to discourage consumers from purchasing foreign goods
to limit the sale of foreign goods
to ensure that domestic producers make a profit

What is true of the M1 category of money?

It is not usually in circulation.
It cannot be quickly exchanged.
It can be easily liquidated.
It is in investment accounts.

If it becomes less expensive to travel overseas from the United States, American tourists will benefit from the fact that

tourist sites are getting crowded and dirty.
the US dollar has become stronger.
prices of foreign goods are rising.
the US dollar has declined in value.

A regulatory agency that attempts to limit risk in the banking system is

the FDA.
the EPA.
the OCC.
the HHS.

Answer 1

1. Hayek believed that the economy could be hard to measure because
- individuals have the power to make decisions and are unpredictable.

2. Which best describes why governments enact tariffs?
- to discourage consumers from purchasing foreign goods.

3. What is true of the M1 category of money?
- It can be easily liquidated.

4. If it becomes less expensive to travel overseas from the United States, American tourists will benefit from the fact that
- the US dollar has become stronger.

5. A regulatory agency that attempts to limit risk in the banking system is
- the OCC.