The first major international trade agreement following World War II was the North American Free Trade Agreement (NAFTA).
Answer the following statement true (T) or false (F)
False
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Small firms borrow from "monitoring-intensive" financial intermediaries in __________ financial systems
A) banking-oriented B) markets-oriented C) banking- and markets-oriented D) socialist
When a country goes to the IMF for foreign currencies to stabilize its own currency, it enages with the IMF in a(n)
a. one-time-only grant from the IMF b. purchase-and-resale (of that currency) agreement c. agreement concerning import controls that is administered jointly by the IMF and the country d. exchange control agreement that is the prerogative of the IMF alone e. agreed upon devaluation
Consider two people, Sandy Roos, who earns $25,000 . and Gary Behrman, who earns $50,000 . If the current flat-tax rate is 20 percent, then
a. Gary would prefer a poll tax to a flat tax b. Sandy would prefer a poll tax to a flat tax c. Gary and Sandy both pay the same amount of tax d. Sandy would prefer the flat tax to a progressive income tax e. Gary would prefer a progressive income tax to the flat tax
"Crowding in" refers to federal government deficits:
a. which reduce future rates of economic growth. b. used for public infrastructure will offset any decline in business investment. c. All of the answers are correct. d. which reduce private business and consumption spending.