Trade with the United States during the late 19th and the first half of the 20th century benefited those individuals living in less developed countries by
(a) Boosting their incomes.
(b) Restricting markets.
(c) Exploiting their resources.
(d) Increasing pollution and crime.
(a)
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When the exchange rate between dollars and pounds moves from $2 = 1 pound to $1 = 1 pound, we say that the dollar has ________.
A. appreciated B. inflated C. depreciated D. deflated
A major reason for the existence of financial intermediaries is
A) transactions costs that would be incurred without their existence. B) the fees charged by dealers and brokers in direct finance are so high. C) the problem of symmetric information. D) to assist borrowers in buying securities in financial markets.
Regarding U.S. antitrust activity, the rule of reason was expressed in the
a. Standard Oil case. b. Robinson-Patman Act. c. Clayton Act. d. ALCOA case.
If spending increased by $100, and the GDP increased $400 as a result, the MPC must be:
A. 0.70 B. 0.75 C. 4 D. 2