Which of the following is an argument in favor of outward-oriented strategy?
a. It leads to a fall in government deficit spending.
b. It leads to a fall in domestic prices of imported goods.
c. It helps the economy to grow more rapidly by encouraging exports.
d. It leads to an increase in the price of exported goods in the foreign markets.
e. It leads to an increase in the supply of goods and services in the domestic market.
c
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In 2015, JP Morgan Chase announced that it was laying off 5,000 employees. The laid-off employees who were not able to find jobs at another bank due to a permanent decline in demand in the banking industry would be considered
A) frictionally unemployed. B) structurally unemployed. C) seasonally unemployed. D) cyclically unemployed.
Financial institutions search for ________ has resulted in many financial innovations
A) higher profits B) regulations C) respect D) higher risk