19). When we make decisions that have the most benet for us, we are partaking in. a) Economic behaviour b) Smart behaviour c) Irrational behaviour d) Rational behaviour 20). Benefits of globalization include all EXCEPT? a) Increased competition b). Climate change c) Free trade d) Labour mobility 21) According to Keynesian economics, which of the following is true during recession? a) Government intervention is unnecessary b) supply and demand will automatically adjust 0) government intervention can increase aggregate demand and stimulate economic growth. d) Government intervention can decrease aggregate demand and stimulate economic growth. 22) The multiplier effect refers to: a) the ability of the government to raise tax to finance public spending b) the ability of the government to stimulate economy by reducing interest rates 0) the ability of an initial increase in spending to generate further increase in spending and income d) the ability of the government to control ination through monetary policy