All of the following are reasons that trade between nations is beneficial EXCEPT
A) gains from specialization.
B) exchange of ideas.
C) protection of domestic industries.
D) gains from trade.
Answer: C
Economics
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Which of the following is a liability on the balance sheet of the Federal Reserve System?
A) currency B) U.S. government securities C) mortgage-backed securities D) None of the above are correct because they are all assets of the Federal Reserve.
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Which of the following would increase the total amount of trade in the world?
A) trade diversion B) trade deflection C) trade retention D) rules of origin
Economics