Which of the following is not used as a trade protection practice?

a. tariff
b. quotas
c. safety standards
d. foreign-owned domestic production
e. nontariff barriers

D

Economics

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Starting from an initial long-run equilibrium, under the rational expectations hypothesis, an anticipated shift to a more expansionary policy will increase:

A. prices but not real output in the short run. B. real output but not prices in the short run. C. real output in the long run but not in the short run. D. real output in both the long run and the short run.

Economics

To understand how poverty, inequality, and discrimination affect the economy, ________ analysis is used, and ________ analysis is used to address whether the government should try to reduce inequality in the name of social justice.

A. positive; objective B. normative; positive C. positive; normative D. subjective; normative

Economics