Very few commodity agreements are successful in bringing together supplier and consumer countries to stabilize commodity prices.
a. true
b. false
a. true
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If the dollar falls in value compared to other currencies, what will happen in the United States?
A. A decrease in aggregate demand B. An increase in aggregate supply C. A decrease in aggregate supply D. A decrease in the U.S. price level
In the monetary small open-economy model with a fixed exchange rate, an increase in the exchange rate has which impact on domestic money demand?
A) It increases it. B) It decreases it. C) It has no impact. D) It depends.
Which of the following is not correct?
a. Economics is a study of the choices that people make and the resulting interactions they have with one another. b. In areas it has already studied, economists have found perfect and unchanging answers. c. Economists are trying to expand their understanding of human behavior and society. d. The economics of asymmetric information, political economy, and behavioral economics are all topics at the frontier of microeconomics.
What is the basic function of the World Trade Organization?
A. To collect information on the imports and exports of nations and issue a world report on the conditions of trade B. To monitor trade between the three major trading nations of the world economy, the United States, Germany, and Japan C. To oversee trade agreements reached by member nations and rule on trade disputes among these nations D. To conduct meetings for major multinational corporations so that they can increase the amount of investment and trade in the global economy