Which policy is an example of an expenditure-switching policy?

a. an increase in the money supply

b. a decrease in government spending

c. an increase in business taxes

d. a decrease in import tariffs

The U.S. has a balance of trade deficit when its

a. merchandise exports exceed its merchandise imports.

b. merchandise imports exceed its merchandise exports.

c. goods and services exports exceed its goods and services imports.

d. goods and services imports exceed its goods and services exports.

Developing countries have sometimes feared open immigration policies of developed countries on the grounds that highly educated and skilled people may immigrate to the developed countries, thus limiting the growth potential of the developing countries.

a.True

b. False

The United States has often regarded China as a major violator of intellectual property laws.

a. True

b. False