International trade
A. Reduces the level of income for export industries.
B. Benefits the domestic industries that compete with the imported products.
C. Redistributes income from import-competing industries to export industries.
D. Causes prices of products to rise because of the transportation costs.
Answer: C
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Which of the following is likely to happen due to quantitative easing by the Fed?
A) A rightward shift of the demand curve for bank reserves B) A leftward shift of the supply curve of bank reserves C) A leftward shift of the demand curve for bank reserves D) A rightward shift of the supply curve of bank reserves
State-Owned Enterprises (SOEs) can succeed when
a. they are free from political interference and can make decisions according to economic criteria b. the government is clear about the SOE's objectives and enforces the rules c. the government is ready to subsidize the SOE in bad years d. only the most crucial firms are state owned e. SOEs never succeed according to economic criteria
Using a graph above, show the short-run and long-run effects of an expansionary monetary policy
What will be an ideal response?
When the government taxes and spends, each activity affects GDP in the same proportion.
Answer the following statement true (T) or false (F)