How is the international economy qualitatively different in the first part of the twenty-first century from what it was like in the first part of the twentieth century?
What will be an ideal response?
Since tariffs and quotas have been reduced (and would have been the common barriers in the past), now nations are addressing issues related to deeper levels of integration, which involve domestic policies such as labor or environmental standards or investment policies. Today there are multilateral international governmental organizations that address global economic issues where none existed then. There has been a significant increase in the number of regional trade agreements.
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Government debt increases the interest rate and private investment
Indicate whether the statement is true or false
The economy is considered to be at full employment when:
a. the actual rate of unemployment is less than the natural rate. b. the leading economic indicators are unchanged for two consecutive quarters. c. structural unemployment is zero. d. frictional plus structural unemployment is less than the natural rate. e. the rate of cyclical unemployment is zero.
By 2012, the poverty line for a typical family of four stood at about $23,250
a. True b. False Indicate whether the statement is true or false
If expansionary monetary policy reduces real interest rates in the United States, which of the following is most likely to occur?
a. Net foreign investment will decline, causing the dollar to depreciate and net exports to increase. b. Net foreign investment will decline, causing the dollar to appreciate and net exports to decrease. c. Net foreign investment will increase, causing the dollar to appreciate and net exports to decline. d. Net foreign investment will increase, causing the dollar to depreciate and net exports to increase.