By opening up to foreign markets two things countries generally experience are:
A. increase in negative trade outcomes with that nation and finding customers who generally pay less for their products.
B. access to a smaller array of new products and increase in negative trade outcomes with that nation.
C. access to a smaller array of new products and saving money through access to cheaper goods.
D. saving money through access to cheaper goods and finding new customers for their products.
Answer: D
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If the banking system has a large amount of reserves, many banks will have excess reserves to lend and the federal funds rate will probably ________; if the level of reserves is low, few banks will have excess reserves to lend and the federal funds
rate will probably ________. A) fall; fall B) fall; rise C) rise; fall D) rise; rise
The index used for international price comparisons is the:
A. World Bank's International Comparison Program index. B. World Bank's World Price Index. C. United Nations' World Consumer Price Index. D. World Trade Federation's International Price Index.
Which of the following events would most likely increase the price elasticity of demand for scalping tickets to Chicago Bears games?
a. new uniforms for the players b. a winning season c. a decrease in the number of seats available at the stadium d. a losing season e. an increase in the number of seats available at the stadium
(Last Word) A cap-and-trade program:
A. assigns a property right to the atmosphere. B. mandates that every firm individually cut its emissions to below a certain level. C. assigns a property right to polluting the atmosphere. D. is easy to establish and enforce.