When a group lobbies for the prevention of free trade, the most likely reason is
A) rent seeking.
B) tariff revenue.
C) defense against expensive domestic labor.
D) preservation of the environment.
A
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Which of the following would cause the dollar to depreciate?
A) an increase in the demand for dollars B) a decrease in the demand for imports from foreign countries C) a decrease in the supply of dollars D) a decrease in the demand for dollars
The accounting relationship between the budget deficit and the trade deficit may be expressed as ____
a. G + T = (S + I) + (X ? IM) b. G ? T = (S + I) + (X + IM) c. (X - IM) = (S - I) ? (G - T) d. (X - IM) = (S + I) ? (G - T)
Employee benefits mandated by the government make it
A. More difficult to achieve full employment with stable prices. B. Easier to achieve stable prices but more difficult to achieve full employment. C. Easier to achieve full employment with stable prices. D. Easier to achieve economic growth.
What is outlet bias?
A) the tendency for households to spend more money over time B) the tendency for households to spend their money at discount stores as prices rise C) the tendency for the quality of products to improve over time even though the CPI does not measure changes in quality D) the tendency for consumers to purchase newer, more technologically advanced products even though they have higher prices