Over time, the general movement in the United States has been toward
A. relatively more free trade.
B. higher tariffs and stricter import quotas.
C. managed trade.
D. complete elimination of tariffs, import quotas, and export subsidies.
Answer: A
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Raising the federal funds rate shifts the aggregate demand curve ________, so that real GDP________ and the price level ________
A) rightward; increases; rises B) leftward; decreases; rises C) rightward; increases; falls D) leftward; increases; rises E) leftward; decreases; falls
In the figure above, the shift in the supply curve for U.S. dollars from S0 to S1 could occur when
A) the U.S. interest rate rises. B) foreign interest rates rise. C) the expected future exchange rate falls. D) the current exchange rate rises.
How do the marginal and average products of labor affect a firm's marginal and average variable costs in the short run?
What will be an ideal response?
At market equilibrium
A) shortages are greater than surpluses. B) surpluses are greater than shortages. C) quantity demanded equals quantity supplied. D) demand equals supply.