Protectionism refers to:
A) subsidizing imports.
B) reduction of trade barriers.
C) increased export of goods and services.
D) reducing the competition faced by domestic firms.
D
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For the past 15 years the American public has wanted to buy big trucks. The Big Three automakers delivered, investing billions in plants that build gas guzzlers. Now, when customers walk into showrooms, gas mileage is on their mind
Retooling the industry will take years, so in the meantime GM, Ford and Chrysler are tweaking their existing models. They're changing tires, adjusting transmissions and exhaust valves in hopes of getting one or maybe two more miles per gallon. Which of the decisions by the Big Three to gain gas mileage is a short run decision? A) adjusting exhaust valves B) adjusting transmissions C) changing tires D) All of these decisions are short run decisions.
As the real interest rate in the domestic loanable funds market increases,
a. the cost of purchasing goods and services during the current period will decline. b. the net inflow of capital from abroad will increase. c. the inflationary premium will rise, and the money rate of interest will decline. d. the inflationary premium will fall, and the money rate of interest will rise.