How is dollarization different from monetary union?
What will be an ideal response?
The nations do not share a central bank and monetary policy.
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Suppose that to increase sales of hybrid vehicles, auto manufacturers are offering large cash incentives. This is an example of a macroeconomic topic
Indicate whether the statement is true or false
Gross domestic product (GDP) equals the ________ of final ________ produced within a country during a given period of time.
A. market value; goods B. market value; goods and services C. quantity; goods and services D. market value; services
Refer to the above graph. A decrease in supply would best be reflected by a change from:
a. Point 2 to point 1 b. Point 3 to point 6 c. Point 5 to point 2 d. Point 5 to point 1
Briefly describe the World Trade Organization (WTO) rules on subsidies that affect exports of a product and responses by importing countries to such subsidies.
What will be an ideal response?