Which of the following is an example of a trade restriction?
A) Japan places a tax on all Korean automobiles.
B) Domestic wine is more expensive than wine imported from Chile.
C) The United States, Canada, and Mexico sign the NAFTA agreement.
D) Consumers prefer German beer to domestic beer.
Answer: A
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Suppose that you have $100 today and expect to receive $100 one year from today. Your money market account pays an annual interest rate of 25%, and you may borrow money at that interest rate. Consider the budget constraint between "spending today" on the horizontal axis and "spending a year from today" on the vertical axis. What is the slope of this budget constraint?
a. -0.75 b. -1.00 c. -1.25 d. -2.25
Natural rate of unemployment is the normal rate of unemployment toward which the economy gravitates.
Answer the following statement true (T) or false (F)
A fiduciary monetary system has to have all of the following EXCEPT
A. acceptability. B. trust. C. a central bank. D. predictability of value.
Explain why increasing the government budget deficit can decrease investment spending
What will be an ideal response?