If in the long run, imports are paid for by exports, then
A) any restriction of imports ultimately reduces exports.
B) any restriction of imports ultimately expands exports.
C) any restriction of imports has no impact on exports.
D) any restriction of exports has no impact on imports.
A
You might also like to view...
In the recent Global Economic Crisis, the negative wealth effect caused
A) LM curve to shift to the right. B) LM curve to shift to the left. C) IS curve to shift to the left. D) LM curve to shift to the right.
Based on the table "Real and Nominal GDP," if year one is the base year, then the inflation rate in year three is ________
A) 14.6% B) 9.5% C) 9.9% D) 11.5% E) 16.5%
Refer to Scenario 13.1. At your negotiated price your consumer surplus is:
A) $50. B) $200. C) $250. D) $300.
The Phillips curve traces a set of combinations of rates of
a. interest and unemployment b. real GDP and inflation c. real GDP and interest d. inflation and interest e. unemployment and inflation