Who gains from international trade?
A) only the exporting nation
B) only the importing nation
C) both the importing and the exporting nations
D) neither the importing nor the exporting nations
E) The gain depends on which nation gets to keep the total revenue from the sale.
C
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Economic growth will be associated with a constant price level when
A) the increase in aggregate demand is accompanied by a reduction in short-run aggregate supply. B) the increase in aggregate demand is less than the increase in long-run aggregate supply. C) the increase in aggregate demand exactly equals the increase in long-run aggregate supply. D) the increase in aggregate demand is more than the increase in long-run aggregate supply.
Which of the following transfer programs in the U.S. is funded by a national tax but administered by state governments?
a. Social security b. Veterans' Administration Benefit program c. Unemployment insurance d. Food stamps e. National Guard activities
Answer the following statement(s) true (T) or false (F)
1. Ocean dumping of certain wastes is prohibited by the London Convention 1972 (LC72) and the 1996 Protocol. 2. The U.S.–Canada Air Quality Agreement represents the efforts of the two nations to combat climate change. 3. The Border 2012 Program involving the United States and Mexico has a broad agenda, including improving air and water quality, tracking hazardous waste, and promoting pollution prevention. 4. Advocates of free trade argue that increases in worldwide output and efficiency gains from specialization are among the associated gains of unencumbered international trade.
Par value is the
A. Increase in the market value of an asset. B. Amount to be repaid when the bond is due. C. Rate of interest to be paid on a bond. D. Same as the risk premium on a bond.