What is the United States primary trade promotion initiative with Africa?
What will be an ideal response?
The African Growth and Opportunity Act, a preferential arrangement lowering U.S. trade barriers to more than 40 African nations., mostly in oil.
You might also like to view...
If both prices decreases by 50%,
A) budget constraint will be unchanged. B) slope of the budget constraint will increase. C) slope of the budget constraint will decrease. D) budget constraint will shift outward in a parallel fashion.
A price floor is:
a. the lowest price a producer will accept. b. the lowest price a consumer will pay. c. a minimum price set by the government above equilibrium price. d. a maximum price set by the government above equilibrium price e. usually set equal to equilibrium price.
The basic idea behind the multiplier is that an increase in
A. GDP brings about an additional, larger increase in GDP. B. consumer spending causes a larger increase in investment spending. C. government spending causes a larger increase in tax revenues. D. spending will cause an even larger increase in equilibrium GDP.
Developing countries do:
A. compete with one another for foreign investment, and this competition reduces the benefits from foreign investment. B. not compete with one another for foreign investment, because they have sufficient domestic saving to finance their investment needs. C. not compete with one another for foreign investment, because they lack the infrastructure to attract it in the first place. D. compete with one another for foreign investment, but this competition is beneficial to developing countries because it insures a more efficient allocation of resources.