The limits of the terms of trade are determined by the:
a. distribution costs in each country.
b. stock of foreign exchange in each country.
c. average total costs of producing the commodities in each country.
d. opportunity costs in each country.
e. currency exchange rate between the trading partners.
d
Economics
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Professor Tabarrok suggests that monetary policy is both an art and a science because of the complexity of answering all of the following questions EXCEPT:
A. how to use monetary policy tools. B. where to apply monetary policy tools. C. when to use monetary policy tools. D. which monetary policy tools to use.
Economics
A goal of expansionary monetary policy is to:
A) decrease the rate of growth of real GDP. B) increase the rate of growth of real GDP. C) increase inflation. D) none of the above.
Economics