The most successful free trade agreements achieve all of the following goals, except:
a. benefiting exporters by increasing exports to member countries.
b. increasing the volume of trade without changing the pattern of trade.
c. benefiting consumers by making a wider variety of goods available at a lower price.
d. stimulating trade creation to allow the benefits of trade to be realized.
e. protecting domestic industries from foreign competition.
e
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Which of the following goods is the best example of a public good?
a. garbage-collection services that are provided by a municipal government b. music that is broadcast over the airwaves by a privately-owned FM radio station c. electricity that is provided to farmhouses by a rural electric cooperative d. cable TV services that are provided by a privately-owned firm that is regulated by the government of the city in which it operates
During the height of the euro-are crisis, deposits at the ECB's deposit facility surged above €800 billion because:
A. euro area commercial banks preferred the safety of deposits at the central bank. B. euro area commercial banks preferred lending to other commercial banks. C. euro area commercial banks were compelled to increase deposits by ECB policy changes. D. the deposit rate increased.
With an increase in the real interest rate, consumption and real gross domestic product will most likely change in which of the following ways?
A) Increase/Increase B) Increase/Decrease C) Decrease/Increase D) Decrease/Decrease E) No change/Increase
Suppose a commercial banking system has $100,000 of outstanding checkable deposits and actual reserves of $35,000. If the reserve ratio is 20 percent, the banking system can expand the supply of money by the maximum amount of:
A. $300,000. B. $175,000. C. $122,000. D. $75,000.