In the global recession of 2007-2009, world trade declined because nations closed their markets to trading partners
Indicate whether the statement is true or false
FALSE
You might also like to view...
The nutritional information now available at many fast food restaurants is an example of:
A. a failed attempt by government to reduce information asymmetry. B. requiring the more informed party to reveal the missing information. C. government regulation to screen out unhealthy food for consumers. D. government requiring the restaurants to signal whether food is healthy or not.
A positive economic statement simply describes what is
Indicate whether the statement is true or false
According to the 2009 hamburger standard, the country with the most undervalued currency relative to the United States dollar was
A. China. B. Norway. C. Australia. D. Japan.
The response of investment spending to an increase in the government budget deficit is called
A) expansionary investment. B) private dissaving. C) crowding out. D) income minus net taxes.