Protectionism may fail to reduce a current account deficit because it
a. depreciates the dollar.
b. invites retaliation, which hurts exports.
c. encourages exports.
d. does not reduce imports.
b
Economics
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The Civil War (1861–1865) was the root of which modern-day belief(s)?
(a) The Thirteenth Amendment of the Constitution, which prohibits slavery and involuntary servitude in the U.S. (b) The belief that wars can stimulate industrialization. (c) The belief that wars can effectively mobilize resources, boost employment and heighten production without inflationary consequences. (d) All of the above.
Economics
When price falls, demand rises
a. True b. False Indicate whether the statement is true or false
Economics