Import quotas have a negative impact on poor nations because they make it difficult for poor nations to
A. Receive foreign aid from rich nations.
B. Sell agricultural goods to each other.
C. Sell agricultural goods to rich nations.
D. Develop a pro-business environment.
Answer: C
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A. physical volume B. current dollar value C. change in the volume D. current market value
If a bond was to pay off one year from now for $440 and the interest rate is 10 percent, what is the price of the bond?
A) $44 B) $400 C) $440 D) $484
As the quantity of labor employed decreases, the value of marginal product diminishes
Indicate whether the statement is true or false
Expansionary fiscal policy
A) raises Real GDP more in an open economy than in a closed economy. B) raises Real GDP more in a closed economy than in an open economy. C) raises Real GDP equally in an open economy and in a closed economy. D) does not affect Real GD"P in an open economy.