Wealthy countries increasingly feel that trade:
A. is sometimes acting as a barrier to poorer countries' development.
B. is an effective political tool to use against poorer countries.
C. can sometimes be a more powerful lever than aid to help poorer countries develop.
D. can help poorer countries development, but hurt their overall growth.
C. can sometimes be a more powerful lever than aid to help poorer countries develop.
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The Loma Linda City Council made it official in June 2008, passing the most restrictive smoking ordinance yet in the Inland area. Dr. Linda Ferry, who counsels veterans on quitting smoking at Jerry L
Pettis Memorial VA Medical Center, said that the smoking ordinance would protect children from exposure to secondhand smoke and discourage teenagers and adults from taking up smoking. What is TRUE about this situation? A) Marginal external costs are negative. B) Marginal external benefits are positive. C) Marginal external costs are positive. D) Marginal external benefits are negative.
According to the Taylor rule ________
A) expectations are formed in an adaptive fashion B) the central bank should set its federal funds rate target by a formula that puts weight on both output and inflation gaps C) a constant growth rate rule for money should be adopted D) expectations should be formed consistent with the model of rational expectations
If a disequilibrium occurs in the foreign exchange market, what are possible solutions? Why might governments choose not to let the price of their currencies adjust to clear the market?
If tax rates are cut, tax revenues may rise, fall, or remain unchanged. What actually happens is considered a(n)
A) theoretical issue. B) corrective issue. C) empirical issue. D) self-regulating issue. E) multiplier issue.