Refer to Table 2-16. If the two countries specialize and trade, who should export cell phones?
A) They should both be importing cell phones.
B) Finland
C) Estonia
D) There is no basis for trade between the two countries.
B
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Starting from long-run equilibrium, a large tax increase will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. recessionary; lower; potential B. expansionary; lower; potential C. expansionary; higher; potential D. recessionary; lower; lower
One of the most important and most visible roles of the IMF is to
A) hold regular negotiations over tariff reductions. B) investigate countries that are charged with being unfair traders. C) provide loans to countries that need capital to develop their economies. D) intercede by invitation when countries cannot pay their international debts. E) serve as a forum for negotiating free trade agreements between groups of nations.
The Celler-Kefauver Act gave the Justice Department the authority to monitor and enforce the merger provisions from the Clayton Act.
Answer the following statement true (T) or false (F)
Shawna bought an antique table for $200 last year and is now selling it for $250. Her rate of return on the table is:
A. 10 percent B. 20 percent C. 25 percent D. 30 percent