Since 1975, exports and imports of the U.S. have generally been:
A. Decreasing as a percentage of its GDP and its share of total world trade has been decreasing
B. Increasing as a percentage of its GDP and its share of total world trade has been increasing
C. Decreasing as a percentage of its GDP, but its share of total world trade has been increasing
D. Increasing as a percentage of its GDP, but its share of total world trade has been decreasing
D. Increasing as a percentage of its GDP, but its share of total world trade has been decreasing
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Explain the "shoe-leather" costs of inflation
What will be an ideal response?
Assume that a perfectly competitive market is in long-run equilibrium. Suppose as a result of a health hazard associated with the industry's product, demand decreases drastically. What is the immediate result of this event?
A) The typical firm's average total cost curve shifts downward. B) The typical firm's marginal cost curve shifts to the left. C) The market price falls and the typical firm suffers an economic loss. D) The market supply increases to offset the fall in demand.
Which of the following equations represent Taylor Rule?
A) rFF = rFF* - a(p – p*) - b B) rFF = rFF* + a(p – p*) + b C) rFF = rFF* - a(p – p*) + b D) rFF = rFF* + a(p + p*) + b
Holding other things constant, a depreciation of the US Dollar relative to the Kenyan Shilling would cause the demand for the Shilling to _____________ and the supply for Shilling to __________
a. Increase; decrease b. Increase, increase c. Decrease; Increase d. Decrease; Decrease