Which of the following is not a benefit resulting from international policy coordination?
A) International policy externalities can be internalized.
B) It makes the most out of the limited tools central banks have to manage the economy.
C) Governments working together are often better positioned to withstand domestic objections to policies if they stand together.
D) All of the above are benefits.
D
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Consider the market for peanut butter. If there is an increase in the price of bread (a complement for peanut butter) along with a drought in peanut growing areas, the
A) equilibrium quantity of bread increases. B) equilibrium quantity of peanut butter definitely decreases. C) equilibrium quantity of peanut butter might increase or might decrease. D) equilibrium price of peanut butter definitely rises. E) equilibrium price of peanut butter definitely falls.
The table above shows some of the costs for a perfectly competitive firm. The firm will produce 9 units of output if the price per unit is
A) $1750. B) $200. C) $300. D) $500.