The economic goal most often deemed in direct competition with full employment is balancing the trade deficit
Indicate whether the statement is true or false
F
You might also like to view...
A government seeking to raise revenue would be most likely to tax a good
a. having a high income elasticity of demand b. with a low cross elasticity of demand c. having a high price elasticity of demand d. with a low income elasticity of demand e. having a low price elasticity of demand
Which of the following rises when the U.S. price level falls?
a. interest rates b. the value of the dollar in the market for foreign-currency exchange c. real wealth d. All of the above are correct.
Why do symmetric shocks not disturb fixed exchange rate systems?
A) Symmetric shocks happen only once and cause a one-time shift in interest rates. B) Symmetric shocks imply differences in rates of interest, which is irrelevant to fixed exchange rate systems. C) A demand shock can easily be dealt with using domestic policies that do not involve other nations. D) Symmetric shocks require the same medicine in both economies, so monetary policy will be in a direction to help both situations.
The problem of economic scarcity applies
A) only in countries with no markets to meet people's wants. B) only in underdeveloped countries, because there are no productive resources in these nations. C) only to nations with few resources. D) to the economies of all nations, regardless of their levels of development.