The principal objective of WTO is to:
a. encourage countries to establish quotas.
b. establish fair prices for all goods traded internationally.
c. reduce the level of all tariffs.
d. prevent the trading of services across nations' borders.
c
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Referring to Figure 19.2, the effect of a decrease in U.S. interest rates is represented by a movement from point
A) b to c. B) c to d. C) d to a. D) c to b.
________ increases the size of the money multiplier
A) An open market sale of government securities by the Fed B) An increase in the currency drain ratio C) A reduction in the desired reserve ratio D) An open market purchase of government securities by the Fed E) An increase in the size of open market operations
Which of these is among the principal determinants of economic growth?
A) inflation B) the financial system C) the central bank D) the government budget deficit E) stabilization policy
Which of the following is a primary cause of exchange rate movements in the short run?
a. Changes in relative interest rates. b. Changes in expectations of future exchange rates. c. Changes in relative prices. d. Changes in economic conditions such as relative GDPs. e. None of the above.