The prevailing view of globalization is that it brings
a. coercive powers which tend to have a negative effect on developed nations.
b. both significant opportunities and dangers.
c. mostly dangers such as economic competition and unemployment to developing nations.
d. mostly economic opportunities to both developed and developing nations.
b. both significant opportunities and dangers.
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The VER between the United States and Japan was shown to _______________ gas consumption, _______________ the use of energy, and _______________ gas mileage from automobiles.
a. raise; raise; lower b. lower; lower; raise c. raise; lower; lower d. lower; raise; raise
The table above gives data for the nation of Mosh. If real GDP is $10 trillion, then
A) firms increase production because inventories are less than their target levels. B) firms decrease production because inventories exceed their target levels. C) the economy has reached equilibrium and no change in production will occur. D) firms decrease production because inventories are less than their target levels. E) We need more information to determine whether firms increase, decrease, or do not change their production.