Strategic trade policy might work if
A) trade decisions are made simultaneously by two countries.
B) trade decisions are made sequentially by two countries.
C) trade decisions entail response by a trading partner.
D) trade decisions are made in a random fashion.
B
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If there is no Ricardo-Barro effect, a government budget surplus ________ the total supply of loanable funds and ________ the real interest rate
A) does not change; does not change B) increases; raises C) increases; lowers D) decreases; lowers E) decreases; raises
Demand is elastic when a price ________ results in total revenue ________
A) rise, decreasing B) fall, decreasing C) rise, increasing D) fall; remaining constant
Proponents of comparable worth justifies it on the ground that:
a. interfering with the functioning of the labor market will lead to shortages of labor. b. interfering with the functioning of the labor market will lead to excess supplies of labor. c. as a result of personal prejudices the market is unable to assess marginal products. d. market correctly processes the innumerable information which is available. e. interaction of demand and supply correctly determines the wage rate.
The different methods by which the sellers inform their potential buyers about the product is called:
a. knowledge transfer. b. advertising. c. product offering. d. information dissemination.