Policy-oriented economists seek to develop theories to
a. explain how things work so policies can be formulated.
b. describe what happened in a particular time period in history.
c. describe current economic events.
d. find correlations between events.
e. change people's values and ethics.
a
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Foreign exchange is traded:
a. weekly on the Internet in special auctions arranged by the Federal Reserve. b. continuously all over the world 24 hours a day and seven days a week. c. only in officially designated trading centers such as London or New York. d. It is traded in none of these ways or venues.
The argument first used to protect the U.S. steel industry from foreign competition over a century ago was the
a. diversity of industries argument b. antidumping argument c. national security argument d. retaliation argument e. infant industries argument