One effect of having access to cheap foreign goods can be to raise workers’ real wages.
Answer the following statement true (T) or false (F)
True
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________ in the currency drain ________ the money multiplier
A) A decrease; does not change B) An increase; increases C) A decrease; decreases D) An increase; decreases
An issue never confronted effectively by GATT, but considered an important issue for WTO is that of
A) the promotion of freer World trade. B) the promotion of freer World commodity trade. C) the promotion of freer World services trade. D) the lowering of tariff rates. E) the liberalization of trade.
Describe the shape of the monopolistically competitive firm's demand curve
An economy is considered a small open economy if it
A. doesn't trade internationally. B. is too small to affect the world real interest rate. C. has a zero trade balance. D. has GDP less than 1% of world GDP.