Inward-oriented policies
a. include imposing tariffs and other trade restrictions.
b. have generally increased productivity and growth in the countries that pursued them.
c. promote the production of goods and services that the country produces most efficiently.
d. All of the above are correct.
a
You might also like to view...
Which of the following statements is correct about the roles of economists?
a. Economists are best viewed as policy advisers. b. Economists are best viewed as scientists. c. In trying to explain the world, economists are policy advisers; in trying to improve the world, they are scientists. d. In trying to explain the world, economists are scientists; in trying to improve the world, they are policy advisers.
The cross-price elasticity of demand between spaghetti and spaghetti sauce is most likely:
A. positive. B. negative. C. zero. D. More information is needed to determine.
Once an equilibrium is achieved, it can persist indefinitely because
A) shocks that shift the demand curve or the supply curve cannot occur. B) shocks to the demand curve are always exactly offset by shocks to the supply curve. C) the government never intervenes in markets at equilibrium. D) in the absence of supply/demand shocks no one applies pressure to change the price.
Which of the following could be considered a macroeconomic issue?
A. Twinkies goes bankrupt, and the entire snack industry experiences losses. B. The unemployment rate in the US falls to 7.5 percent from 7.7 percent during the month of June. C. The decision of Microsoft to offer a free upgrade to Windows 10. D. T-Mobile and MetroPCS finalize a merger.