A country is strongly inward-oriented if exports are clearly discouraged by controls to isolate and protect the domestic market
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The United States experienced depressions in all of the following decades except
A. the 1890s. B. the 1920s. C. the 1930s. D. the 1950s.
Wes works as a delivery man and can work as many hours as he likes for $12 an hour. He typically works 40 hours a week. Recently, his pay has been cut, and Wes decides to work:
A. more hours, because the price effect dominates his labor supply decision. B. less hours, because the income effect dominates his labor supply decision. C. more hours, because the income effect dominates his labor supply decision. D. the same amount, because the price effect dominates his labor supply decision.
In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed. Total output in Gamma is ________ and total output in Delta is ________.
A. $120,000; $800,000 B. $8 billion; $4 billion C. $2.4 billion; $4.8 billion D. $4 billion; $8 billion
Investment demand is downward sloping because
A) an increase in investment demand causes interest rates to fall. B) at lower interest rates, firms will undertake more investment. C) at lower interest rates, firms will undertake less investment. D) None of the above.