International exchange in which countries are either exporters or importers of a good, but do not do both, is called _______ trade.
A) one-way
B) two-way
C) multilateral
D) free
Ans: A) one-way
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When the marginal product of labor is below the average product of labor, the average product must increase when employment increases
Indicate whether the statement is true or false
On the graphs above, show how the central bank implements a decrease in the inflation target. In words, explain why the change in the real interest rate is temporary
What will be an ideal response?
The chief economist of the country of Borduria has implemented a policy of maintaining the currency of Borduria at a low value compared to its trading partner. This will cause: a. the Bordurian exports to be cheaper for its trading partner
b. the Bordurian exports to become more expensive for its trading partner. c. the Bordurian interest rates to be higher than its trading partner. d. Borduria's imports from its trading partner to become less expensive.
Ceteris paribus, if interest rates in the United States rise relative to those abroad, then the surplus in the U.S. capital account would
A. Grow larger and the dollar would appreciate. B. Become smaller and the dollar would depreciate. C. Become smaller and the dollar would appreciate. D. Grow larger and the dollar would depreciate.