Greater specialization within a country
A) increases risks to the country.
B) is rarely beneficial.
C) creates winners and losers and raises issues about fairness.
D) evenly distributes benefits in the long run.
C
Economics
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A significant advantage to being a member of a trade bloc is
A) higher tariff collections from member countries. B) reduced or eliminated tariffs among member countries. C) reduced tariff rates only for the largest member countries. D) None of the above; there is no economic advantage to a trade bloc.
Economics
In 2009, nominal GDP was $14,050 billion and M1 was $1,587 billion. Velocity was
A. 0.11. B. 8.85. C. 11.30. D. 14.25.
Economics