Trade measures are usually not the best way of addressing problems such as pollution and child labor because
A) it is more efficient to address these problems at the production and consumption level.
B) trade measures are not effective in reducing pollution.
C) the governments of high-income countries are not interested in sanctioning pollution and child labor.
D) the WTO prohibits most trade sanctions.
A
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Once decision makers fully adjust to an increase in prices,
a. the natural rate of unemployment will decline. b. competitive forces will restore the usual relationship between product prices and costs. c. producers' profits will exceed their normal level. d. producers will expand output beyond the economy's potential.
Which of the following is not a major responsibility of the Fed?
A) controlling the money supply B) serving as the federal government's banker C) determining tax rates D) acting as a lender of last resort