The United States and Brazil are competitors in the world soybean market. In the late 1960s and early 1970s, the Brazilian government developed regulations designed to encourage Brazilian soybean production and exports
An unanticipated effect of the Brazilian regulations was to stimulate U.S. soybean production and exports. The type of economic analysis that would explain and predict these effects is called A) closed economy macroeconomics.
B) international economics.
C) partial equilibrium analysis.
D) full market analysis.
E) general equilibrium analysis.
E
You might also like to view...
Which of the following is true?
a. Poor countries are unable to ignite the growth process unless they receive financial aid from richer countries. b. Countries that fail to adopt institutions and policies supportive of trade, entrepreneurial discovery, and private investment will remain poor in the foreseeable future. c. Countries that lack an abundance of natural resources have been unable to grow and achieve high income levels. d. Countries with a large population relative to their land area are destined to remain poor.
Which of the following is an accurate statement about the aggregate supply curve?
A. The consensus view is that it begins as horizontal, then starts to slope upward to the right as the economy approaches full employment, and eventually becomes vertical beyond full employment. B. Keynesians view it as vertical up until full employment, at which point it becomes horizontal. C. Monetarists view it as horizontal. D. The Keynesian view is that it is vertical.
Which of the following economic regions has experienced the least growth in real GDP per capita since 1820?
A. Africa. B. Asia excluding Japan. C. Latin America. D. Western Europe.
One concern regarding educational attainment in the U.S. is that:
A. The percentage of adults finishing college is falling B. There are fewer college graduates in science and engineering C. Students are graduating later and later D. Fewer high school graduates are going on to college