What country has often run trade surpluses near $100 billion per year since 1990?
a. Germany
b. China
c. India
d. Japan
d. Japan
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When the United States gives MFN status to China, it means that
A) China is treated better than other U.S. trading partners. B) China is treated the same as other U.S. trading partners. C) China is treated worse than other U.S. trading partners. D) China is better than all the nations in the WTO. E) China is legally bound to reciprocate.
The Sherman Antitrust Act of 1890 is the federal antitrust law that prohibits:
a. monopolization and conspiracies to restrain trade. b. mergers the substantially lessen competition. c. exclusive dealing, tying contracts, and interlocking directorates. d. unfair methods of competition in commerce.
To help close an inflationary gap, the government could:
a. run budget deficits. b. decrease taxes. c. increase government spending. d. run budget surpluses. e. do nothing.
What properties distinguish private goods from public goods?
a. preventive and curative b. exclusiveness and rivalry c. social and cooperative d. merit and lack of merit e. market and nonmarket