Having MFN status means that the country is getting the most favorable trade terms possible with a trading partner
Indicate whether the statement is true or false
FALSE
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As a candidate for president of the United States, Barak Obama was an ardent supporter of outsourcing
Indicate whether the statement is true or false
In the case where a natural monopoly exists in an industry,
a. a competitive market structure will be costly and difficult to maintain. b. a competitive market structure will be more efficient and more equitable. c. government regulations will always improve efficiency in this industry. d. economies of scale will not be a consideration when analyzing the proper structure of the industry.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.
Without considering the effect that a change in the value of a currency might have on trade, the net effect of an expansionary fiscal policy is:
A. ambiguous with respect to the exchange rate, but negative with respect to the trade balance. B. ambiguous with respect to the trade balance, but positive with respect to the exchange rate. C. negative with respect to the exchange rate and positive with respect to the trade balance. D. positive with respect to the exchange rate and negative with respect to the trade balance.