In the second half of the 1990s a rapidly growing movement focused on the harm caused by international trade to
A) land owners in poor countries.
B) capital owners in rich industrialized countries.
C) land owners in rich industrialized countries.
D) production workers in both rich and poor countries.
E) terms of trade in developing countries.
D
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Perfect competition is defined as market structure in which:
a. it is very easy for firms to enter or exit the market. b. the product is homogeneous. c. All of the answers are correct. d. there are many small sellers.
Competition promotes the _____ ---- of resources and provides the _____ for innovative improvements
Fill in the blank(s) with the appropriate word(s).
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
The Fed sells $1 million in bonds to a bond dealer. The bond dealer's bank experiences
A. a decrease in assets of $1 million as its reserves decrease and a decrease in liabilities of $1 million as its deposits fall. B. an increase in assets of $1 million as its deposits fell by $1 million, and a decrease in liabilities as its reserves fell by $1 million. C. no change in assets or liabilities. D. a decrease in assets of $1 million as its reserves decrease and an increase in liabilities of $1 million as its deposits rise.