All of the following are responsible for the removal of the formal trade barriers EXCEPT
A) the sustained efforts of the trading partners themselves.
B) the General Agreement on Tariffs and Trade (GATT).
C) the World Trade Organization (WTO).
D) regional trade agreements such as NAFTA.
E) the World Bank and the IMF.
E
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If firms are producing an output greater than planned expenditures, these firms will cut back on production, which decreases GDP
Indicate whether the statement is true or false
Capital and labor can be ___________ or ___________ factors of production.
Fill in the blank(s) with the appropriate word(s).
Alexis talks to his uncle, who advises him to diversify if he chooses to invest in stocks. How can Alexis do this?
a. Choose one stock with a solid history of growth and invest primarily in that. b. Purchase shares of preferred and common stock in the same company. c. Purchase shares of a variety of stocks in companies across a range of industries. d. Buy a company’s stock, hold it for a set period, then sell and repeat the process with a different company.
Identify the correct statement.
A. If a country is likely to be buffeted mainly by internal shocks, the country should choose a fixed exchange rate. B. The effects of shocks under floating exchange rates depend on whether interventions are sterilized. C. International trade shocks can be countered by adopting a fixed exchange rate that helps to improve the price competitiveness of the country's products. D. International capital-flow shocks are likely to be less disruptive under fixed exchange rates.