In addition to China's recent growth, the economic crisis in the U.S. and Europe beginning in 2008 further undermined the influence of
a. transnational advocacy networks.
b. the Washington consensus.
c. the poverty line.
d. late, late developers.
b. the Washington consensus.
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A(n) ________ is a tax on an imported good
A) export quota B) tariff C) voluntary export restraint D) import quota
In economic models, variables taken as given and not explained by the model are called ________ variables
A) exogenous B) endogenous. C) short-run. D) long-run. E) nominal.
In 1990, which two countries saw inflation rates over 2,000%?
a. Brazil and Argentina b. Cuba and China c. the United States and Great Britain d. Argentina and Chile
The airlines industry is dominated by three firms with the following market shares: Quartz (50 percent), Modine (25 percent), and Tetran (20 percent). Which action identifies the price leader in the industry?
a. Quartz unilaterally announces that it is raising its fares. b. Modine increases its fares after its competitors announce price hikes. c. Modine and Tetran formally meet and announce they are increasing their fares. d. Tetran rises its fares following a rate hike by the other firms in the industry.