Trade policies
a. alter the trade balance because they alter imports of the country that implemented them.
b. alter the trade balance because they alter net capital outflow of the country that implemented them.
c. do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.
d. do not alter the trade balance because they cannot alter the real exchange rate of the currency of the country that implements them.
c
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Dell Computers decides to produce PCs and sell them directly over the Internet and via Best Buy. This is an example of
A) incentives. B) a microeconomic decision. C) a macroeconomic decision. D) scarcity.
The multiplier is defined as the ratio of a change in income to the
A) marginal propensity to save. B) marginal propensity to consume. C) change in the marginal propensity to consume causing it. D) change in the marginal propensity to save causing it. E) change in planned autonomous spending causing it.
In 2003, Japan restricted imports of beef from the United States because of fear of mad cow disease. This is an example of
a. an anti dumping measure. b. protecting an infant industry. c. a voluntary restraint measure. d. a technical barrier.
With ATMs, it is possible to retrieve cash from the bank at any time. One hundred years ago, one could only get cash from the bank during business hours, say, 9 am to 3 pm. The present availability of 24-hour service has arisen because:
A. flexibility was not valued 100 years ago. B. government forced banks to become more convenient. C. it was impossible to provide 24-hour service 100 years ago. D. the cost of providing 24-hour service is much lower today.