Until the Uruguay Round of trade negotiations, which of the following sectors were NOT included in the rules for international trade?
A) Steel and agriculture
B) Automobiles and electronics
C) Agriculture and apparel
D) Steel and textiles
E) Automobiles and agriculture
C
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How will the purchase of $100 million of government securities by the Federal Reserve change bank reserves and total checking account deposits in the banking system as a whole? Assume that banks do not hold any excess reserves, that households and
firms do not change the amount of currency they hold, and that the required reserve ratio is 20 percent.
The Lerner index measures
A) a firm's potential monopoly power. B) the amount of monopoly power a firm chooses to exercises when maximizing profits. C) a firm's potential profitability. D) an industry's potential market power.
An increase in supply will cause a decrease in price, which will cause an increase in demand
a. True b. False Indicate whether the statement is true or false
Based on this figure, in order to maintain an exchange rate of $0.15 dollars per Norwegian krone, the Norwegian government will have to spend (in dollars)_____ worth of international reserves per period. 
A. $300 B. $825 C. $2,000 D. $5,500