How have states' control over globalization shifted in recent years?
a. It has decreased due to their lack of power over today's elimination of barriers to commerce.
b. It has decreased since they have to be more mobile actors than other elements involved.
c. It has increased since private international financial transactions now boost the resources controlled by states.
d. It has increased due to their own strengthened ability to move money and goods in and out of their territories.
a. It has decreased due to their lack of power over today's elimination of barriers to commerce
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How does a command-and-control policy differ from a market-based policy?
What will be an ideal response?
Holding other things constant, if the Japanese Yen, appreciates, it makes the Japanese products
a. Less attractive to US customers b. More attractive to US customers c. Neither more nor less attractive to US customers d. None of the above
How do adherents of traditional business cycle theories differ from real business cycle theorists? List the difference between their views on the role of government
The large budget deficits of 2001-2011 were
a. financed entirely through borrowing from domestic sources. b. accompanied by a rapid increase in private investment, which will enhance the welfare of future generations of Americans. c. accompanied by an increase in consumption as a share of GDP, which indicates the current generation of Americans is gaining at the expense of future generations. d. accompanied by large trade surpluses, which will enhance the welfare of future generations of Americans.