Successful adjustment to external imbalance is likely to involve
a. expenditure-reducing policies
b. expenditure-switching policies
c. import compression
d. devaluation of the national currency
e. all of the above
E
Economics
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An economic principle that explains why countries produce different goods and services is
A) absolute advantage. B) trade as a percentage of GDP. C) comparative advantage. D) NAFTA.
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Generally, as levels of pollution are reduced
A. marginal benefits totally offset marginal costs. B. marginal costs from the reduction decrease. C. marginal benefits from the reduction increase. D. marginal benefits from the reduction decrease.
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