What Are the Three Propositions About Which Most Economists Agree

question 174

Multiple Choice

What are the three propositions about which most economists agree most often (in order from first to third) ?

• A) rent control, tariffs and quotas, and floating exchange rates
• B) tariffs and quotas, floating exchange rates, and fiscal policy
• C) rent control, fiscal policy, and tariffs and quotas
• D) fiscal policy, rent control, and floating exchange rates

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Definitions:

Tunica Media

The middle, muscular layer of the walls of arteries and veins, responsible for regulating the diameter of the vessels.

Smooth Muscle

A type of muscle found in the walls of internal organs such as the intestines and blood vessels, responsible for involuntary movements.

Celiac Trunk

A major artery that supplies blood to the abdominal organs, including the stomach, spleen, and liver.

Blood Pressure

The pressure of circulating blood against the walls of blood vessels, typically measured in millimeters of mercury (mmHg).