Foreign trade enhancements include
A) Instituting quotas on food imports. B) Reducing tariffs on food imports.
C) Increasing the value of the dollar. D) None of the above.
Answer: C
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Suppose the Fed purchases $5,000 in U.S. government securities from the Last National Bank and the Last National Bank's account at the Federal Reserve district bank increases by $5,000 . Which of the following is a result of this transaction? a. The Last National Bank's balance sheet shows a change in the composition of its assets. b. Both the Last National Bank's assets and its liabilities
rise by $5,000. c. Both the Fed's assets and its liabilities fall by $5,000. d. Only the Fed's liabilities change, while its assets remain unchanged. e. This transaction decreases the money supply.
Those living in the poorest quartile of countries would like to emigrate because:
A. earnings are higher for the same skill level in richer countries. B. the opportunities to gain more education are higher in richer countries. C. the cost of living is lower in richer countries. D. All of these statements are true.
If the MPC is 0.67, then the oversimplified multiplier is
A. 7.60. B. 6.70. C. 3.00. D. 33
Which of the following is NOT an asset of commercial banks?
A) business loans B) consumer loans C) home mortgages D) savings deposits