Trade benefits a country by
A) increasing available consumption choices.
B) reducing the need for specialization in production.
C) reducing the relative price of the exported good.
D) increasing the real income of all resource owners.
E) increasing the wage rate.
A
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Unions often face a tradeoff between higher wage rates and employment
Indicate whether the statement is true or false
If a country tries to stimulate the economy with fiscal policy, the effects will be exchange rate
A. depreciation, lower interest rates, and a small increase in aggregate demand. B. depreciation, higher interest rates, and a small decrease in aggregate demand. C. appreciation, lower interest rates, and a small increase in aggregate demand. D. appreciation, higher interest rates, and a small increase in aggregate demand.