The primary difference between new Keynesian economics and traditional Keynesian economics is that the former is more realistic about international trade, whereas the latter stresses the importance of inward oriented strategies
a. True
b. False
Indicate whether the statement is true or false
False
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Holding everything else constant, the U.S. real exchange rate with Thailand will increase if the dollar depreciates
Indicate whether the statement is true or false
A tax is imposed on a certain good. The tax produces revenue of $5,000 for the government. The tax reduces consumer surplus by $3,000 and it reduces producer surplus by $4,000 . What is the amount of the deadweight loss of the tax?
Which of these equations indicates net exports?
a. net exports divided by net imports b. Exports plus imports c. Imports minus exports d. exports minus imports
The price elasticity of supply is calculated by:
A. dividing the percentage change in quantity supplied by the price. B. dividing the percentage change in income by the percentage quantity supplied. C. dividing the percentage change in price by the percentage quantity supplied. D. dividing the percentage change in quantity supplied by the percentage change in price.