The text takes the perspective that international politics today is defined by both
a. globalization and antiglobalization.
b. continuity and change.
c. poverty and prosperity.
d. power and peace.
b. continuity and change.
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In late 2014 and 2015 the value of the U.S. dollar increased relative to the currencies of most of its major trading partners
This rise in the price of the dollar against the other currencies was ________ for companies that exported to the United States and ________ for U.S. companies that exported to other countries. A) good; good B) bad; bad C) good; bad D) bad; good
Mrs. Lovejoy decides to invest in companies which she believes are producing its goods based on the preferences of consumers. Mrs. Lovejoy is investing in companies that are
A) always going to be profitable. B) allocatively efficient. C) productively efficient. D) both productively and allocatively efficient.
A social loss function is a way to
a. represent the objectives of policymakers. b. balance the benefits lower inflation with the costs of higher unemployment and lower output. c. calculate the costs of budget deficits. d. a way to compensate the losers that result from changes in government policy. e. both a and b.
Maximum Feasible Hourly Production Rates of EitherProduct A or Product B Using All Available ResourcesProductCountry XCountry YA48B44 Refer to the above table. If opportunity costs are constant, then the opportunity cost of producing good B in country X is ________, and the opportunity cost of producing good B in country Y is ________.
A. 1 unit of A; 0.5 unit of A B. 1 unit of A; 0.5 unit of B C. 1 unit of B; 2 units of A D. 1 unit of A; 2 units of A