Which of the following is true?
A) Domestic policies are never barriers to trade.
B) Tariffs and quotas in industrial nations are significantly higher now than they were in 1950.
C) Tariffs and quotas are the primary trade barrier in industrialized countries.
D) Domestic policies intended to protect consumers or the environment may become trade barriers.
D
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If exchange rates are perfectly flexible, an expansionary U.S. monetary policy will
a. increase the supply of dollars in the foreign exchange market. b. shift the LM curve to the right. c. reduce the demand for dollars in the foreign exchange market. d. reduce the value of the dollar. e. all of the above.
Which of the following does not exist when an economy is operating at full employment?
a. An unemployment rate of 5 percent or 6 percent b. Seasonal unemployment c. Structural unemployment d. Cyclical unemployment e. Frictional unemployment