Whenever the general level of prices rises because of continual increases in aggregate demand, we say that the economy is experiencing
A) supply-side inflation.
B) monetary stagflation.
C) demand-side inflation.
D) aggregate supply shock.
C
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A currency depreciation in the foreign exchange market will ________.
A. encourage foreign travel by the citizens of the country whose currency has depreciated B. discourage exports from the country whose currency has depreciated C. discourage imports into the country whose currency has depreciated D. encourage imports into the country whose currency has depreciated
Which of the following does NOT contain an externality?
A) I sell you an ice cream and you drip it all over the person sitting next to you. B) I sell you an ice cream and it gives you a headache. C) I sell you an ice cream and you share it with your friend. D) I give you an ice cream and you share it with a friend.
A motivation of developed countries in providing development assistance is
(a) the creation of markets. (b) geopolitical influence. (c) genuine humanitarian concern. (d) all of the above. (e) none of the above.
________ is defined in U.S. law as selling a product in a foreign country at a price that is less than fair value
A) Subsidizing B) Countervailing C) Exporting D) Dumping