Which of the following is the most accurate statement?
a. Trade policy has neither microeconomic nor macroeconomic effects.
b. Trade policy has similar microeconomic and macroeconomic effects.
c. The effects of trade policy are more macroeconomic than microeconomic.
d. The effects of trade policy are more microeconomic than macroeconomic.
d
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Refer to Scenario 6.1. If both Tasha and Gloria play their dominant strategies, Tasha's net payoff will be ________ and Gloria's net payoff will be ________
A) $15; $12 B) $15; $15 C) $30; $30 D) $12; $12
Following adjustments to a new equilibrium in a market, the market clearing price remains unchanged, but the equilibrium quantity is now lower. Which of the following could definitely have caused this outcome?
A. Demand and supply both decreased. B. Demand increased, and supply decreased. C. Demand decreased, and supply increased. D. Demand and supply both increased.
What happens to real money demand (rise, fall, no change) due to a change in each of the following factors?(a)A tax on stock market transactions is introduced.(b)Computerized bond trading reduces transactions costs.(c)People's average level of wealth rises.(d)The threat of a recession increases the riskiness of stocks and bonds.(e)The interest rate paid on checking account balances declines.(f)The price level falls in a one-time jump.
What will be an ideal response?
According to the J curve, the rapid depreciation in the dollar from 1985 to 1987 caused net exports to
A. fall in the short run and rise in the long run. B. fall in the short run and fall further in the long run. C. rise in the short run and fall in the long run. D. rise in the short run and rise further in the long run.