An example of economic integration in the Western hemisphere that created a free-trade zone is the:
A. North American Free Trade Agreement
B. Reciprocal Trade Agreements Act
C. North Atlantic Treaty Organization
D. World Trade Organization
A. North American Free Trade Agreement
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Other things equal:
A. Workers with higher levels of human capital will tend to migrate to countries providing greater wage opportunities B. Workers with lower levels of human capital will tend to migrate to countries providing greater wage opportunities C. Smaller wage differences between countries will tend to increase the flow of immigration between countries D. Workers with higher levels of human capital will migrate to higher-wage countries regardless of the distance between countries
If there is a change in the U.S. endowment of factors of production, then there would be
A) shifts in just SRAS. B) a movement along the SRAS curve. C) a shift in both LRAS and SRAS. D) a shift in just LRAS.
The Federal Reserve cannot target both the money supply and the interest rate because it does not control
A) bank reserves. B) open market operations. C) money demand. D) the discount rate.
The portion of a government's indebtedness owed to foreigners is
A. external debt. B. internal debt. C. not recoverable. D. net debt.