All of the following are determinants of net exports except
A. domestic and foreign incomes.
B. relative price levels.
C. domestic and foreign trade policies.
D. producers' expectations about future prices.
Answer: D. producers' expectations about future prices.
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If the institutions in an economy change from being extractive to inclusive, the return-to-entrepreneurship schedule in the economy will:
A) become vertical. B) shift leftward. C) become horizontal. D) shift rightward.
You have 40,000 frequent flier miles. You could exchange your miles for a round trip ticket to Bermuda over spring break. Does that mean your flight to Bermuda would be free? Explain your reasoning
What will be an ideal response?
When the economy is already operating at nearly full capacity, further fiscal or monetary stimulus will likely:
a. soften inflationary pressures in sectors already at capacity, and increasing employment in sectors with excess capacity. b. trigger inflationary pressures in sectors already at capacity, and decreasing employment in sectors with excess capacity. c. soften inflationary pressures in sectors already at capacity, and decreasing employment in sectors with excess capacity. d. trigger inflationary pressures in sectors already at capacity, and increasing employment in sectors with excess capacity.
Import quotas have a negative impact on poor nations because they make it difficult for poor nations to
A. Receive foreign aid from rich nations. B. Sell agricultural goods to each other. C. Sell agricultural goods to rich nations. D. Develop a pro-business environment.