The world trading system combines negotiated agreements that promote trade liberalization called ________ with binding agreements called ________ that block tariff increases
A) fiscal policies; monetary policies
B) truces; aggressions
C) free trade; enforcement contracts
D) levers; ratchets
E) wheels; walls
D
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In the Keynesian model, everything else equal, a higher level of income
a. increases money demand and reduces the interest rate. b. increases money demand and increases the interest rate. c. increases savings and decreases the interest rate. d. increases investment and has no effect on the interest rate. e. both b and c.
An example of an investment is
A. a restaurant placing otherwise idle money in an interest-bearing savings account. B. a sock company repurchasing its own shares. C. a delivery company adding more vehicles its fleet. D. a pencil factory that can produce consumer and business goods.
Answer the following statement(s) true (T) or false (F)
1. When supply and demand move at the same time, the change of one variable (price or quantity) can be predicted, but the direction of the effect on the other variable cannot be predicted with any certainty. 2. If the decrease in demand is greater than the increase in supply, the equilibrium price and equilibrium quantity will fall. 3. An increase in supply and an increase in demand causes a decrease in equilibrium quantity. 4. For HD televisions, the effect of increased supply pushing prices down outweighed the effect of increased demand pushing prices up.
A lower price for automobiles would reduce the externalities from automobiles.
Answer the following statement true (T) or false (F)