A trade policy is a government policy
a. directed toward the goal of improving the tradeoff between equity and efficiency.
b. that directly influences the quantity of goods and services that a country imports or exports.
c. intended to exploit the tradeoff between inflation and unemployment by altering the budget deficit.
d. concerning employment laws.
b
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Cyclical unemployment ________ during expansions and ________ during recessions
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
If the price of smartphones was to increase, then
A) the quantity of smartphone apps demanded would increase. B) the demand for smartphone apps would increase. C) the demand for smartphone apps would decrease. D) the quantity of smartphone apps demanded would decrease.