Which of the following accurately depicts the situation of India's trade in services and what it might mean for the global economy?
A) It is not perceived as threatening to the industrialized nations so it is likely to grow without any impact.
B) Because it is nothing new, other economies have had time to adjust.
C) It creates only harm to other national economies.
D) It may lead to protectionist sentiment and policies in other nations as comparative advantages shift.
D
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Checking deposits are
A) not part of money. B) part of money. C) small in volume relative to currency in circulation. D) quite different from checking accounts.
To increase the money supply, the Fed can [a] bonds using open market operations, [b] the discount rate, and [c] the reserve requirement.
What will be an ideal response?
The monetary growth rule is a plan for increasing the quantity of money
A) at a fixed rate that does not respond to changes in the economic condition. B) at a rate which increases as the economy grows. C) at a rate which decreases as the economy declines. D) at a rate which increases during recessions and decreases during expansions.
"Near-monies" are included in:
A. both M1 and M2. B. M2 only. C. M1 only. D. neither M1 nor M2.