Which of the following might be a byproduct of safety regulations that protect buyers from potentially harmful foreign products?
a. additional revenue from tariffs
b. restricting foreign competition
c. expanding consumer choices
d. increasing international trade
b. restricting foreign competition
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A decrease in the population of an economy is likely to lead to lower wages and a lower quantity of labor used
Indicate whether the statement is true or false
This Application refers to quantitative easing, a policy that occurs when the Fed
A) changes the reserve requirement. B) purchases long-term securities. C) raises the discount rate. D) sells mortgage-backed securities.
Suppose there are only two goods (Good A and Good B) and the average person buys 8 of Good A in a year and 6 of Good B. If, in the base year, the Price of Good A is $8 and the Price of Good B is $6, and in the next year the Price of Good A is $10 and the Price of Good B is $5, the price index in the second of the two years
A. is 100. B. is 110. C. is 10. D. is 120.
Which of the following statements is true?
A. Under floating exchange rates, external capital-flow shocks can have effects on internal balance by altering the exchange rate and the country's international price competitiveness. B. Monetary policy is a powerful economic tool for a country with fixed exchange rates and high capital mobility. C. An expansionary monetary policy tends to increase the exchange rate value of the domestic currency in the short run. D. Fiscal policy for a country with floating exchange rates is more powerful with a high degree of capital mobility than with a low degree of capital mobility.