Which of the following is NOT a major concern of international economic theory?

In the long run, higher government budget deficits will

A) lead to a redistribution of real GDP from privately produced goods and services to government produced goods and services. B) lead to a redistribution of real GDP from government produced goods and services to privately produced goods and services. C) cause the price level to go down on government goods but not on private goods. D) lead to a reduction in the amount of goods and services produced by the government and private sector.

Restricting the supply of labor in order to increase the wage

a. is a tactic used by both craft and industrial unions b. is a tactic more likely to be used by the American Medical Association (AMA) than the United Auto Workers (UAW) c. is a tactic more likely to be used by the UAW than the AMA d. is a tactic used solely by professional groups such as lawyers e. has less effect on the wage than direct negotiation does