Externalities consist of ____________________.
A. Only external costs
B. Only external benefits
C. Both external costs and external benefits
D. None of these answers are correct.
C. Both external costs and external benefits
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Suppose U.S. consumers start buying more English shoes and fewer U.S. shoes. What impact will this trend have on the foreign exchange market?
a. The U.S. overall demand for foreign exchange, and British pounds, in particular, will increase. b. The U.S. overall demand for foreign exchange, and British pounds, in particular, will decrease. c. The U.S. demand for British pounds will increase, but the overall demand for foreign exchange will probably decrease. d. The U.S. demand for British pounds will decrease, but the overall demand for foreign exchange will probably increase.
In order to “defend” its overvalued currency, Argentina in 2002 had to reduce its
A. interest rates. B. tax levels. C. holdings of foreign reserves. D. balance of payments surpluses.
________ is the excess of imports over exports
A) Budget surplus B) Trade surplus C) Trade deficit D) Budget deficit
The WTO encourages nations to take unilateral action on trade issues, including issues involving environmental protection
Indicate whether the statement is true or false