While not as relevant today, the trade theory that was useful in explaining the pattern of trade when the US dominated the global market is the ______ theory.

The primary objective of the ECB is to:

A) promote economic growth. B) promote full employment. C) foster an equitable distribution of income. D) maintain price stability.

In order to promote growth in living standards, policymakers must

a. protect property rights. b. maintain political stability. c. encourage the accumulation of factors of production. d. All of the above