Which of the following is true?
A) Domestic policies are never barriers to trade.
B) Tariffs and quotas in industrial nations are significantly higher now than they were in 1950.
C) Tariffs and quotas are the primary trade barrier in industrialized countries.
D) Domestic policies intended to protect consumers or the environment may become trade barriers.
D
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What are resources? Describe two different types of resources
What will be an ideal response?
Your textbook highlights a debate that has been going on for some years. The issue is whether there should be a corporation tax, given that corporations are nothing more than groups of people. Should there be a corporation tax? Why or why not?
What will be an ideal response?
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
The Federal Reserve System was NOT
A. established with the 1913 passage of the Federal Reserve Act. B. the first attempt to have a United States central bank. C. intended to act as a "lender of last resort." D. designed to lend money to inherently sound banks so that they can survive financial panics.