Which of the following would not be an appropriate response to an unfavorable balance of trade for the United States?
a. increase tariffs
b. appreciate the dollar
c. subsidize exports
d. impose import quotas
e. impose exchange controls
B
Economics
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Which of the following factors are considered under "new growth theory"?
A) research B) technology C) innovation D) All of the above are correct.
Economics
What is the difference between inflation and deflation?
A) Inflation is a sustained decrease in the price level whereas deflation is a sustained increase in the price level. B) Inflation is a sustained increase in the price level whereas deflation is a sustained decrease in the price level. C) Inflation is a measure of relative prices whereas deflation is a sustained increase in the price level. D) None of the above.
Economics