All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
economics 14th global

Questions and Answers of Economics 14th Global

Which of the following has not been a factor in the increased pace of globalization since the 1950s?■a. increased governmental barriers to immigration■b. reduced costs of international
Which of the following would be a sign of increased globalization?■a. Norway, Denmark, and the United Kingdom decide to adopt the euro as their common currency.■b. Out of concern for safety,
Which of the following is an argument against globalization?■a. Poor countries compete for multinational firms by allowing lax environmental standards.■b. Multinational firms tend to pay higher
Which of the following is an argument in favor of globalization?■a. There is evidence of a “race to the bottom” in labor standards as multinational firms search the world for the lowest labor
Which of the following is true?■a. Some individuals and firms are harmed by free trade agreements.■b. There is widespread evidence of a “race to the bottom” by which multinational firms move
The World Bank tracked the performance of countries that had undergone varying degrees of globalization since the 1960s. Which of the following was not a conclusion of the study?■a. The process of
Which of the following was characteristic of the Asian tigers after they globalized in the 1960s and 1970s?■a. They experienced annual growth rates of 1.4 percent.■b. Environmental standards
A speculative attack■a. cannot occur if central banks maintain a fixed exchange rate.■b. cannot occur if exchange rates are allowed to float.■c. is more likely to occur if the domestic currency
Which of the following is an indicator of a potential financial crisis?■a. floating exchange rates■b. falling international reserves■c. transparency in government activities■d. a high level
Which of the following statements is an accurate characterization of the relationship between financial crises and globalization?■a. A country with a globalized economy is more vulnerable to
True or false? The growth of international trade is a new phenomenon.
World trade as a fraction of world GDP is(larger than, smaller than, about the same as) it was at the end of the nineteenth century.
Barriers to immigration (increase, decrease) globalization.
List the four broad categories used by Foreign Policy magazine to measure the degree of globalization in individual nations.
plays an important role in determining the pace of globalization.
(Rising, Constant, Falling)transportation costs increase the pace of globalization.
Critics view international organizations such as _____________-, ___________, and as undemocratic organizations that have usurped the economic decisionmaking powers that rightly belong to local
The comes under criticism for funding resource extraction projects and dams, which critics say benefit the corporations that do the work while also destroying the environment.
The role of the is to provide a venue for negotiating international trade agreements and to enforce international trade rules.
List three arguments against globalization.
List three arguments in favor of globalization. Appendix
International organizations such as the WTO are funded by , not corporations.
List the four Asian tigers that opened their economies in the 1960s and 1970s and experienced rapid growth and dramatic increases in their living standards.
The increased globalization of the world’s economies has been associated with economic(growth, stagnation) and(growth, reduction) of poverty in most countries.
Globalizing countries find that income inequality(does, does not) increase as the pace of globalization increases.
The gap between rich countries and globalized developing countries has (shrunk, widened).
Each of the recent international financial crises has involved exchange rates.
A speculative attack cannot occur in countries with exchange rates.
List four factors that may serve as indicators of potential financial crises.
The greater the amount of short-term money invested in a country, the (greater, less) potential for a crisis if investors lose confidence in the country.
At the time the statement was released, Japan and China were tying their currencies to the dollar at a rate designed to help their export industries. Since this amounts to a fixed-exchange-rate
Why would the Group of Seven, particularly the United States, want China and Japan to let their currencies float? (Hint:You need not have read the article to figure this out. What did these
Why would China and Japan refuse to let their currencies float? (Hint: What were they protecting?)I Flexible Versus Fixed Exchange Rates In September 2003, the Wall Street Journal reported that the
U.S. Steel Tariffs In March 2001, the Bush administration backed tariffs to protect the U.S. steel industry from foreign competition.Subsequently, the World Trade Organization ruled that the tariffs
If tax revenues equal $100 billion, government spending equals $130 billion, and the government borrows $25 billion, how much do you expect the money supply to increase given the government budget
What is the growth rate for an economy in which there is no growth of resources but TFP grows at a rate of 1 percent per year?
What is the growth rate for an economy in which TFP is constant, labor grows at a rate of 1 percent per year, capital grows at a rate of 2 percent per year, and labor’s share of output equals 60
What is the growth rate for an economy in which TFP grows at a rate of 3 percent per year, the size of the labor force is unchanged, the capital stock grows at a rate of 2 percent per year, and labor
ways of combining resources to produce output Match each term with its correct definition by placing the appropriate letter next to the corresponding number.A. Phillips curve E. shock B. reservation
an expectation that is formed using all available relevant information Match each term with its correct definition by placing the appropriate letter next to the corresponding number.A. Phillips curve
the ratio of the economy’s output to its stock of labor and capital Match each term with its correct definition by placing the appropriate letter next to the corresponding number.A. Phillips curve
an expectation formed on the basis of information collected in the past Match each term with its correct definition by placing the appropriate letter next to the corresponding number.A. Phillips
an unexpected change in a variable Match each term with its correct definition by placing the appropriate letter next to the corresponding number.A. Phillips curve E. shock B. reservation wage F.
the minimum wage a worker is willing to accept Match each term with its correct definition by placing the appropriate letter next to the corresponding number.A. Phillips curve E. shock B. reservation
a graph that illustrates the relationship between inflation and the unemployment rate Match each term with its correct definition by placing the appropriate letter next to the corresponding number.A.
Which of the following could not cause a movement along the Phillips curve?■a. a change in inflation that is not expected by workers■b. an unexpected increase in inflation that causes inventories
Which of the following is an example of rational rather than adaptive expectations?■a. The crowd expects a 95 percent free-throw shooter to sink the free throw to win the state basketball
Which of the following is false?■a. The short-run effect of unexpected disinflation is rising unemployment.■b. The short-run Phillips curve assumes a constant reservation wage and a constant
Unexpected increases in aggregate demand inventories and prices. Unemployment .■a. lowers; raises; decreases■b. lowers; raises; increases■c. lowers; lowers; increases■d. raises; lowers;
Which of the following would not be a cause of a real business cycle?■a. a decrease in government borrowing■b. a drought in the Midwest■c. oil prices skyrocketing as a result of an accident on
The existence of a political business cycle implies that, prior to the election, the incumbent administration would■a. increase aggregate demand by increasing government spending and the money
A drought in the Midwest would cause to shift , which would real GDP.■a. aggregate demand; left; decrease■b. aggregate demand; right; increase■c. aggregate supply; left; increase■d. aggregate
Which of the following is false?■a. In most developed countries, monetary and fiscal policies are conducted by separate independent agencies.■b. Fiscal policy can impose an inflationary burden on
Growth in a country’s capital stock is tied to■a. increases in the amounts of natural resources available.■b. current and future saving.■c. improvements in technology.■d. increases in the
Which of the following is not one of the determinants of economic growth?■a. the size and quality of the labor force■b. the amount of capital goods available■c. technology■d. natural
The illustrates the inverse relationship between inflation and the unemployment rate.
The Phillips curve tradeoff between inflation and unemployment(does,does not)persist over the long run.
The downward slope of the short-run Phillips curve is caused by shifts in _________________, with remaining constant.
Unexpected inflation can affect the employment rate in the following three ways:
Your economics professor bases her first exam solely on material from the textbook. Before the second exam, she announces that this exam will be based primarily on lecture material. If you only study
When the inflation rate is unexpectedly high, unemployment __________________.
Economic growth shifts the aggregate(demand, supply) curve to the(right, left).
The long-run growth of the economy rests on growth in productive resources such as __________________, __________________, ,and__________________ , and on advances in __________________.
The size of country’s labor force is determined by the and the of the population in the labor force.
Growth in a country’s capital stock depends on current and future __________________.
What are two factors that cause developing countries to lag behind in the development and implementation of new technology?
Productivity is the ratio of to the amount of __________________.
is the nation’s real GDP divided by its stock of labor and capital.
In the United States, labor receives about 70 percent of national income, and capital receives about 30 percent.If total factor productivity increases by 1 percent, labor increases by 1 percent, and
I War on Inflation The leader of a developing nation has declared war on inflation by issuing a series of belt-tightening measures. Capital gains taxes will be enforced, lending and deposit rates at
Government Policy and Growth Government policies that hold down interest rates have adverse effects on economic growth in developing countries. Although low interest rates are intended to make it
Why must voluntary trade between two countries be mutually beneficial?Use the following table to do exercises 2–5.Output per Worker per Day in Beef or Computers Canada (units) Japan (units)Beef 6 5
Which country has the absolute advantage in beef production? Appendix
Which country has the absolute advantage in computer production? Appendix
Which country has the comparative advantage in beef production? Appendix
Which country has the comparative advantage in computer production? Appendix
Which of the theories of comparative advantage could explain why the United States exports computers to Japan at the same time that it imports them from Japan? Explain.
For each of the goals listed in exercise 8, discuss what the appropriate commercial policy is likely to be (in terms of tariffs, quotas, subsidies, and so on).
Suppose the world price of kiwi fruit is $20 per case and the U.S. equilibrium price with no international trade is $35 per case. If the U.S. government had previously banned the import of kiwi fruit
What kinds of exchange rate arrangements do the countries of the world use? What is the most popular exchange rate arrangement for the major industrial countries?
simultaneous import and export of goods in the same industry by a particular country Match each key term with its correct definition by placing the appropriate letter next to the corresponding
the use of trade restrictions or subsidies to allow domestic firms with decreasing costs to gain a greater share of the world market Match each key term with its correct definition by placing the
an advantage derived from one country’s having a lower absolute input cost of producing a particular good than another country Match each key term with its correct definition by placing the
a tax on imports and selected exports Match each key term with its correct definition by placing the appropriate letter next to the corresponding number.A. absolute advantage F. tariff B.
an industry in which the costs of producing a unit of output fall as more output is produced Match each key term with its correct definition by placing the appropriate letter next to the
government policy that influences international trade flows Match each key term with its correct definition by placing the appropriate letter next to the corresponding number.A. absolute advantage F.
a limit on the monetary value of a good that may be imported Match each key term with its correct definition by placing the appropriate letter next to the corresponding number.A. absolute advantage
a limit on the amount of a good that may be produced Match each key term with its correct definition by placing the appropriate letter next to the corresponding number.A. absolute advantage F. tariff
a grant of money given to help produce or purchase a specific good or service Match each key term with its correct definition by placing the appropriate letter next to the corresponding number.A.
A nation has an absolute advantage in producing a good when■a. it can produce a good for a lower input cost than other nations can.■b. the opportunity cost of producing a good, in terms of the
A nation has a comparative advantage in producing a good when■a. it can produce a good for a lower input cost than other nations can.■b. the opportunity cost of producing a good, in terms of the
The productivity-differences explanation of comparative advantage stresses■a. differences in labor productivity among countries.■b. the advantage that comes to a country that is the first to
The factor-abundance explanation of comparative advantage stresses■a. differences in labor productivity among countries.■b. the advantage that comes to a country that is the first to develop and
The product-life-cycle explanation of comparative advantages stresses■a. differences in labor productivity among countries.■b. the advantage that comes to a country that is the first to develop
The basic objective of commercial policy is to■a. promote free and unrestricted international trade.■b. protect domestic consumers from dangerous, low-quality imports.■c. protect domestic
Using trade restrictions to save domestic jobs■a. usually forces consumers to pay higher prices.■b. usually redistributes jobs from other industries to the protected industry.■c. may provoke
Some arguments for trade restrictions have economic validity. Which of the following arguments has no economic validity?■a. the infant industry argument■b. the national defense argument■c. the
The exchange rate system whereby central banks try to influence exchange rates by intervening in floating foreign exchange markets is called■a. a managed floating exchange rate.■b. a manipulated
The exchange rate system in which the exchange rate is fixed against a major currency or some basket of currencies is called■a. crawling pegs.■b. managed floating.■c. a fixed peg.■d.
The following table shows the output per worker per day in either mangoes or papayas in Samoa and in Fiji.Samoa Fiji Mangoes (in tons) 6 2 Papayas (in tons) 12 6a. The country that has an absolute

Showing 100 - 200 of 4867

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved