Political factors influence international trade because
a. foreign trade always involves at least two governments.
b. foreign governments are much less concerned with the welfare of citizens in other countries.
c. foreign governments often establish impediments to free international trade.
d. All of the above are correct.
d
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Refer to Figure 10-5. "Crowding out" of firm investment as a result of a budget deficit is illustrated by the movement from ________ in the graph above
A) C to A B) A to B C) B to A D) B to C
According to critics of new Keynesian economics, it is doubtful that
a. menu costs are very important in the real world. b. efficiency wage considerations play an important role in the real world. c. bargaining models are of significance in the real world. d. All of the above e. None of the above