Economists
A) describe reducing tariffs and quotas as shallow integration.
B) describe reducing tariffs and quotas as deep integration.
C) believe that changing domestic policies affecting trade is a relatively simple process.
D) believe that the work of reducing trade barriers is done since most tariffs are low and most quotas eliminated.
A
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Describe the differences between classical and Keynesian economists in terms of their views about monetary neutrality
What will be an ideal response?
The securities, such as stocks or bonds, constitute a(n) ________ for the savers and a(m) ________ for the borrowers
A) asset; liability B) debt; assets C) liability; asset D) debt or an asset; liability or an asset
Which of the following would force a monopoly to charge a lower price?
A) A new firm selling the same enters the market. B) A new firm selling the same product locates close to the monopoly. C) A new firm introduces a better substitute for the firm's product. D) All of the above.
U.S. job losses cited by anti-trade critics
A) are mostly a short-term problem in isolated industries. B) are non-existent. C) affect only capital-intensive U.S. industries. D) are mostly due to poor training by U.S. firms.