Licensing requirements, excessive regulations, unreasonable quality standards, and other actions taken by nations to impede imports are:
A. Import quotas
B. Protective tariffs
C. Nontariff barriers
D. Export subsidies
C. Nontariff barriers
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Deposit insurance is a system in which the government guarantees that:
A. people can have deposits at commercial banks. B. commercial banks will not lose any deposits. C. depositors will not lose any money even if their bank goes bankrupt. D. commercial banks will not go bankrupt.
Under a system of flexible exchange rates, which of the following would be most likely to cause a nation's currency to appreciate on the foreign exchange market?
a. stable domestic prices while the nation's trading partners are experiencing inflation b. a decrease in domestic interest rates c. an increase in foreign interest rates d. a domestic inflation rate of 10 percent while the nation's trading partners are experiencing stable prices
A principle is a self-evident truth that most people readily understand and accept.
Answer the following statement true (T) or false (F)
A favorable supply shock abroad would
A. increase U.S. imports and decrease aggregate demand. B. decrease U.S. net exports and reduce aggregate supply. C. decrease U.S. net exports and decrease national income. D. increase U.S. net exports and increase aggregate demand.