Strategic trade policies are designed to increase the benefits of trade to
A. a single country.
B. the world.
C. everyone.
D. the two countries entering an agreement.
Answer: A
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An indifference curve shows the baskets of goods which
a. have the same marginal values. b. the consumer can purchase, given his income and the prices he faces. c. are the most preferred of the baskets within his budget. d. are all equally desirable, providing the consumer with some fixed level of satisfaction.
Households and firms in the U.S. economy interact with those in the rest of the world in the ________ market and in the ________ market
A) goods; factor B) goods; financial C) government; goods D) financial; factor E) firm; government
Which of the following is heavily subsidized by state and local governments?
A) Medicare B) Social Security C) public education D) food stamps
If the short-run aggregate supply curve is positively sloped and the Fed increases the money supply, aggregate demand: a. falls, which increases real GDP and the price level
b. increases, which decreases real GDP and the price level. c. falls, which decreases real GDP and increases the price level. d. increases, which decreases real GDP and increases the price level. e. increases, which increases real GDP and the price level.