Political factors influence international trade because
a. foreign trade always involves at least two governments.
b. foreign governments are much less concerned with the welfare of citizens in other countries.
c. foreign governments often establish impediments to free international trade.
d. All of the above are correct.
d
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Which of the following is a limitation of using arithmetic averages to calculate growth rates?
A) Arithmetic averages do not capture the exponential nature of growth and thus are not apt for long-run prediction. B) Arithmetic averages cannot be used in case of negative growth. C) Arithmetic averages are difficult to calculate. D) The calculation of growth using arithmetic averages requires more data than other methods.
An IRA (Individual Retirement Account) allows taxpayers to invest money out of their personal income before taxes
Financial advisors will often tell their clients that they will realize more net pay (income after taxes) if they invest with an IRA versus saving their money in a simple savings account at a bank. Explain how this is so.
Countries that experience very high rates of inflation may also have
A) balanced budgets. B) rapidly growing money supplies. C) falling money supplies. D) constant money supplies.
Requiring cars in Los Angeles to reduce pollution by the same amount as cars in Topeka is inefficient
a. True b. False Indicate whether the statement is true or false