Each of the following has been typical of Japanese trading policies except
A. they targeted the large American consumer market.
B. the Japanese market was closed to American producers.
C. they went head to head against American companies, underselling American TV and other electronic producers.
D. high tariffs.
D. high tariffs.
You might also like to view...
Prices for industrial commodities such as steel rods or machine tools are
A) heavy prices. B) custom prices. C) auction prices. D) sticky prices.
Deb and Pete have volunteered to help their favorite charity mail out fundraiser information. The figure above shows their production possibilities frontiers for assembling packets and stuffing envelopes
What is Deb's opportunity cost of assembling 1 packet? A) 4 envelopes B) 4 packets C) 160 envelopes D) 1/4 of an envelope E) 40 envelopes
Which of the following is a defining characteristic of a public good?
a. It is produced and distributed by the government. b. The decision to produce it is made by the public through the voting process. c. It is produced and distributed by private firms according to government regulations. d. It is freely available to everyone once it is produced. e. It is purchased by one government agency from another government agency.
Since classical economists and monetarists believe that the economy operates at full employment, real GDP, that is, along the vertical segment of aggregate supply:
a. any increase in the money supply can only end up raising the price level. b. any increase in the money supply can only end up lowering the price level. c. any decrease in the money supply can only end up raising the price level. d. changes in the money supply will not affect the price level. e. any increase in the money supply will cause both nominal and real GDP to increase.