A Federal Reserve publication proclaimed that "Trade is a win-win situation for all countries that participate." This statement is
A) false since it ignores the workers who lose their jobs as result of international trade.
B) true because all consumers and workers benefit from international trade.
C) false since not all countries participate in international trade.
D) true because it refers to countries; individuals may be losers as a result of international trade.
D
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Explain how comparing two-earner and one-earner households can be used to illustrate the problem of using money income as a measure of well-being
What will be an ideal response?
According to the interest rate effect, a decrease in the price level will
A) decrease the real value of money balances, which causes total planned real expenditures to increase. B) cause interest rates to fall, which generates an increase in borrowing, so that total planned real expenditures increase. C) lead to a decrease in net exports, which causes total planned real expenditures to decrease. D) increase the real value of money balances, which causes interest rates to increase, thereby reducing total planned expenditures.
Independent workers face difficulties in arriving at choices for all of the following reasons, EXCEPT:
a. difference in investment responsibilities for their equipment. b. difference in attitudes toward risk. c. difference of opinion regarding a new strategy's probability of success. d. difference in their transaction costs.