At the start of the Civil War, the South adopted a trade policy that did not
a. discourage exports to England.
b. ban sales of cotton to the North.
c. eventually move England from neutrality in the Civil War.
d. weaken the southern war effort.
c. eventually move England from neutrality in the Civil War.
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Which of the following is a problem that arises when trying to classify regional trade agreements?
A) Many agreements combine elements from different categories. B) The definition of free trade area includes that of a customs union. C) Some agreements include cultural issues while others do not. D) The most favored nation clause includes all of them.
Which of these is most likely to shift the long-run aggregate supply curve to the left?
a. An increase in the average workweek b. An improvement in technology c. A civil war d. A decrease in aggregate demand e. A decline in global oil prices