Tariff levels in developing countries tend to be ________ tariff levels in developed countries
A) lower than
B) about equal to
C) higher than
D) there is no general pattern
C
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Firms in monopolistic competition charge prices that are ________ those of the other firms in the market
A) close to B) very different from C) the same as D) completely unrelated to
When discounting money, the higher ________ ________ , the lower the present value?
a. future value b. interest rate c. demand for money d. discounting factor
The figure shows the saving schedules for economies 1, 2, 3, and 4. Which economy has the highest marginal propensity to consume?
A. 1.
B. 2.
C. 3.
D. 4.
Suppose the United States initially has a trade deficit. Then U.S. firms increase their imports from Canada, financing that increase by borrowing from Canada
The current account deficit is now ________ and the capital and financial account surplus is now ________. A) larger; larger B) larger; smaller C) smaller; larger D) smaller; smaller