The average income in a rich country
a. is about 5 times that in a poor country. Further, people in rich countries have longer life expectancy.
b. is about 5 times that in a poor country. However, people in rich countries have about the same life expectancy as those in poor countries.
c. is more than ten times that in a poor country. Further, people in rich countries have longer life expectancy.
d. is more than ten times that in poor country. However, people in rich countries have about the same life expectancy as those in poor countries.
c
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It has been claimed that foreign governments have attempted to influence votes in the U.S. that would promote policies of protectionism within the U.S
On the surface this appears to be totally illogical and counter intuitive, as this would presumably lessen the possibilities of foreigners' exports to the U.S.
If a firm has market power it may be able
A) to protect market share. B) to continue to earn economic profits. C) minimize marginal costs. D) to maximize total revenue.
The World Trade Organization was created to
a. provide preferential treatment for developing-country trade b. incorporate environmental protection into trade agreements c. provide a set of rules under which regional trade arrangements would operate d. strengthen the international regime of rules for the conduct of foreign trade e. all of the above
According to the Monetarists, "Policy activism" is difficult if not impossible to perform successfully because
A) the timing of policy impacts on nominal GDP are known. B) the magnitude, size of impacts are known. C) the timing and magnitude of the impact of AD disturbances are known, forecasted with precision. D) Monetarists believe all of the above are correct.