International trade and money flows can increase aggregate supply and aggregate demand if
A. Tariffs are increased.
B. Trade barriers are reduced.
C. Quotas are increased.
D. Trade barriers are increased.
Answer: B
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Answer the following statement true (T) or false (F)
The value of cross-price elasticity of demand between golf balls and golf clubs is
a. negative b. positive c. 0 d. greater than 1 e. less than 1
To try and stave off a devaluation of its fixed currency, Argentina was required to
a. lower interest rates. b. reduce tax levels. c. increase their money supplies. d. increase interest rates.
In contrast to previous eras, a significant change seen today is that no model of government
a. is viewed as a good alternative to democracy. b. can successfully overthrow all vestiges of autocratic rule. c. is associated with a significant wealth gap. d. can compete with the power of individual citizens.