Which of the following is an example of trade policy at the national level?
a. Congress passing legislation to prevent dumping.
b. The European Union adopting a common currency
c. The World Trade Organization holding a round of negotiations in France
d. The U.S. International Trade Commission
b. The European Union adopting a common currency
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How might department stores best protect themselves against the risk of recession?
A) Buy insurance policies that pay off when a recession occurs. B) Stand ready to go out of business if a recession occurs. C) Sell goods that are complements to one another. D) Sell both substitute and complement goods. E) Sell both normal and inferior goods.
Using Figure 1 below, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P5 and Y1.
B. P5 and Y2.
C. P4 and Y1.
D. P4 and Y2.
If arrival and departure delays are frequent early in the morning and late afternoons, but there are no delays during the evening hours, we can conclude that the airport authority
A. charges high landing fees at common departure and arrival times. B. is concerned about the delay times. C. is charging uniform landing fees throughout the day D. should reduce the number of flights during the busy times.
QN=69 (17789) What word do economists use to refer to the purchase of goods that will be used in the future to produce more goods and services?
a. capital b. consumption c. investment d. costs