Over time, the general movement in the United States has been toward
A. complete elimination of tariffs, import quotas, and export subsidies.
B. higher tariffs and stricter import quotas.
C. managed trade.
D. relatively more free trade.
Answer: D
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A mid-size firm may have a "__________" line of credit, meaning all or part of it can be converted into an intermediate-term loan
A) revolving B) secured C) guaranteed D) mezzanine
When a firm is on the portion of its long run ATC curve that slopes upward, it is experiencing:
A. diseconomies of scale. B. economies of scale. C. constant returns to scale. D. Any of these is possible.
One of the economic changes that has most dramatically reshaped the world is:
A. the rapid decline of Haiti's economy. B. the rapid growth of Italy's economy. C. the unemployment rate declining in the U.S. by 40 percent. D. the rapid growth of China's economy.
One problem associated with the gold standard was that
A. there was no fluctuation in exchange rates. B. nations gave up control of their money supply. C. nations could not determine their current account balances. D. there was an incentive for individuals to hold gold at all interest rates.