A sign that Country A is under pressure to devalue its currency is its:
a. Current account is in deficit.
b. Overall balance is in surplus.
c. Reserves account is in deficit (i.e., negative).
d. Overall balance is in deficit.
.D
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We can infer that the government is following a restrictive fiscal policy when
A) the actual deficit falls. B) the natural employment deficit falls. C) the actual deficit rises. D) the natural employment deficit rises.
Most changes in tax laws tend to be small changes because _____
a. the organizing costs of large coalitions are too high b. logrolling is easier when tax laws effect only a small number of individuals c. special interests are constantly demanding changes that will benefit them d. of the rules of the Senate
Refer to Figure 9.1. If the market is in equilibrium, total consumer and producer surplus is
A) $0. B) $100. C) $800. D) $1200. E) $2000.
The World Trade Organization is designed to do the following except:
A. monitor trade agreements. B. promote free trade internationally. C. enforce trade agreements between nations. D. ensure that trade doesn’t adversely affect the environment.