If trade is mutually beneficial, then increasing trade
A. Increases the welfare of producers that compete with importers.
B. Reduces income for workers in export industries.
C. Makes countries less interdependent.
D. Leads to increased output in export industries.
Answer: D
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After 1980, the following is true
A) money is a leading variable. B) any lead/lag relationship between money and real GDP is difficult to detect. C) money is a lagging variable. D) money is coincident.
Investment in the agricultural economy of the antebellum period of U.S. history usually entailed everything below except
(a) Clearing lands (b) Purchasing stocks and bonds (c) Constructing fences and buildings (d) Purchasing farm implements
If businesses spend an additional $150 billion for investment projects in 2010, what will be the impact on national income (Y) if the multiplier is 2?
a. Y will increase by $50 billion. b. Y will increase by $150 billion. c. Y will increase by $300 billion. d. Y will increase by $450 billion.
Discuss what factors could cause a real depreciation
What will be an ideal response?