Which of the following is NOT an obstacle to increased international economic integration?
A) Monopoly powers given to domestic companies of individual nations
B) High tariff rates imposed by industrialized nations
C) Health and safety standard requirements
D) Labor and environmental standard requirements
B
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Financial markets promote greater economic efficiency by channeling funds from ________ to ________
A) investors; savers B) borrowers; savers C) savers; borrowers D) savers; lenders
According to the wealth effect, aggregate demand slopes downward (negatively) because
A. lower prices decrease the value of money holdings and consumer spending decreases. B. lower prices reduce money holdings, increase lending, interest rates fall, and investment spending increases. C. lower prices increase money holdings, decrease lending, interest rates rise, and investment spending falls. D. lower prices increase the value of money holdings and consumer spending increases.
If a $6 billion economy is growing at a real rate of 5 percent a year and there is no inflation, what must the government do to maintain a constant debt-to-GDP ratio?
A. Run a deficit of $600 million B. Run a deficit of $300 million C. Run a surplus of $300 million D. Balance the budget
A family's summer house on Cape Cod pays a return in the form of
A) interest rate. B) capital gains. C) the pleasure of vacations at the beach. D) stock options. E) capital gains and pleasure.