Trade diversion results in
A) an increase in the total amount of trade in the world.
B) a decrease in the total amount of trade in the world.
C) no change in the total amount of trade in the world.
D) either an increase or decrease in the amount of trade in the world, depending on where trade takes place.
C
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After a policy of import substitution has begun, a developing country finds that employment has not risen significantly and that urban unemployment seems to be rising. Explain how these developments might be connected
What will be an ideal response?
Double counting occurs when the price of both final and intermediate goods is included in the calculation of GDP
a. True b. False Indicate whether the statement is true or false
When imports exceed exports there is a(n):
A. trade balance. B. trade deficit. C. trade surplus. D. output gap.
What is the definition and purpose of the payroll tax?
What will be an ideal response?