Which of the following does free trade encourage?
A. more rapid spread of technology
B. domestic industries' access to larger markets
C. higher rates of economic growth
D. all of these
Answer: D
You might also like to view...
Jay owns a classic car he purchased for $50,000. At a car rally a knowledgeable classic car enthusiast offers him $75,000 for the car. Based on this information:
A. Jay's wealth is unchanged. B. Jay's saving this year has increased by $25,000. C. Jay has experienced a $25,000 capital gain. D. Jay's saving this year has decreased by $25,000.
The trade-off between unemployment rates and inflation originates in the
A. Upward-sloping AD curve. B. Upward-sloping AS curve. C. Downward-sloping AS curve. D. Vertical AS curve.
At long-run equilibrium inflation ________ and output equals ________.
A. equals the value determined by part expectations and pricing decisions; the level of short-run equilibrium output consistent with that inflation rate B. equals the value consistent with potential output; the level of output consistent with zero inflation C. is stable; potential D. equals the value determined by past expectations and pricing decisions; potential
A policy in which ________ actively pick(s) industries to support as a base for economic development is known as industrial policy.
A. a government B. the International Monetary Fund C. microfinanciers D. the World Bank