Why do free trade proponents applaud successful trade deflection?
A) It circumvents trade restrictions within regional trade blocs.
B) It increases trade restrictions within regional trade blocs.
C) It promotes more rules of origin laws.
D) It decreases incentives for trade diversion.
A
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Suppose that in a perfectly competitive market, firms are making economic profits. In the long run, we can expect to see:
a. some firms leave. b. the market price rise. c. market supply shift to the left. d. economic profits become zero. e. production levels remaining the same as in the short-run.
The Fed never processes immigrating checks that must pass between different Federal Reserve banks
Indicate whether the statement is true or false
A direct relationship occurs when
A) the two variables being compared change in opposite directions, or when one goes up the other goes down. B) a change in one of the variables causes a change in the other variable in any direction. C) the two variables being compared change in the same direction, or when one goes up the other also goes up. D) the two variables have no identifiable relationship with each other.
Gross public debt is the amount of funds that
A) U.S. residents owe to foreign residents. B) the federal government owes to all holders of U.S. securities. C) the federal government owes to taxpayers. D) states owe to the federal government.