What is the "beggar-thy-neighbor" policy, and why is it a problem for the country that caused it?
What will be an ideal response?
The 'beggar-thy-neighbor' phenomenon is the act of transferring unemployment problems to other countries by instituting tariffs on imports. The problem is that the resultant loss of business in other countries leaves them less able to purchase the exports of the country that initiated the policy.
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Since 1960, the labor force participation rate in the United States
A) at first rose sharply and then gradually decreased. B) has generally increased. C) has remained remarkably stable. D) has generally decrease. E) at first gradually decreased and in recent years has risen sharply.
Author A accepts a $5,000 advance from a publisher and a 10% royalty after 5,000 books are sold. Author B foregoes the publisher's advance and negotiates for a 15% royalty on all books sold
Author C decides to self-publish his book and keep 100% of all sales revenue. In what order of risk aversion (from most to least) would you rank these authors? A) Author A, Author B, Author C B) Author A, Author C, Author B C) Author B, Author A, Author C D) Author C, Author B, Author A
Suppose a bank has $2 million in deposits, a required reserve ratio of 10 percent, and total reserves of $500,000. Then it has excess reserves of
A. $200,000. B. $500,000. C. $300,000. D. $50,000.
The most powerful individual in the Federal Reserve System is the
A. senior member of the Federal Open Market Committee. B. Superintendent of the Board of Governors. C. Chairman of the Federal Reserve Board. D. New York District Bank President.