A devastating war that kills people and destroys buildings will:
What will be an ideal response?
shift the PPF inward
FEEDBACK:
War destroys resources (such as labor and capital), which would decrease the production possibilities of this economy and shift the entire curve inward.
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Devaluation of a currency stimulates exports
Indicate whether the statement is true or false
Trade adjustment assistance in the United States began in 1962 . The program
a. was designed to provide assistance to firms or workers who suffer idle facilities, unprofitability, and unemployment because of sharp increases in imports. b. provided little assistance to victims of free trade before the 1970s. c. was enlarged and worker benefits were extended in 1981 by the Reagan administration. d. All of the above are correct.
By looking at the graph showing the poverty rate from 1959 to 2016, you can see that poverty increased ______.
a. in the 1960s
b. in the 1970s
c. in early 1990s
d. between 2012 and 2016
Under a system of free-floating exchange rates, a nation will experience
A. persistent surpluses in its balance of payments. B. persistent deficits in its balance of payments. C. a tendency toward equilibrium in its balance of payments. D. persistent surpluses in its balance of trade.