Economics

The action of arbitrage is A) the process of buying a currency cheap

The action of arbitrage is A) the process of buying a currency cheap and selling it dear. B) the process of buying a currency dear and selling it cheap. C) the process of buying and selling currency at the same price. D) the process of selling currency at different prices in different markets. E) the […]

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Date: September 10th, 2020

Which of the following is NOT a characteristic of populist regimes? A

Which of the following is NOT a characteristic of populist regimes? A) Nationalistic ideologies B) Focus on economic growth C) Focus on income redistribution D) Using economic tools to reach specific goals regarding labor, the orientation of business or the role of foreigners E) Focus on controlling inflation   ANSWER E

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Date: September 10th, 2020

According to the product life cycle model, comparative advantage A) m

According to the product life cycle model, comparative advantage A) may move from one country to another as a product matures. B) always stays in the country where a product is invented. C) in agricultural or homogeneous manufactured goods is determined by the stage of the life cycle these products are in. D) Both A […]

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Date: September 10th, 2020

The HPAE (High Performance Asian Economies) countries A) have all con

The HPAE (High Performance Asian Economies) countries A) have all consistently supported free trade policies. B) have all consistently maintained import-substitution policies. C) have all consistently maintained non-biased efficient free capital markets. D) have all maintained openness to international trade. E) have all outperformed the U.S.   ANSWER D

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Date: September 10th, 2020

Faced with the evidence of poor working conditions and low wages in th

Faced with the evidence of poor working conditions and low wages in the border maquiladoras, economists A) shrug their shoulders and ignore the issue. B) agree that trade theory is thus proven hollow and internally inconsistent. C) argue that U.S. consumers should not consume lettuce. D) argue that the poor conditions and low wages are […]

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Date: September 10th, 2020