Research shows that when exchange rates are more volatile, the price differentials are ____ and the convergence is _____.
A) smaller; faster
B) smaller; slower
C) larger; slower
D) larger; faster
Ans: C) larger; slower
Economics
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Tariffs are NOT defended on the grounds that they
A) improve the terms of trade of foreign nations. B) protect jobs and reduce unemployment. C) promote growth and development of young industries. D) prevent over-dependence of a country on only a few industries. E) protect domestic producers from foreign low prices.
Economics
The labor ____ curve(s) will shift if there is a change in productivity or a change in the demand for the final product
a. supply b. demand c. supply and demand d. None of the above are correct. Changes in productivity and the demand for final products do not affect the labor market.
Economics