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Annmarie Annmarie
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Posts: 559
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6 years ago
The single most important factor in the 1992 crisis of the EMS was
 
  A) ratification of the Single European Act.
  B) the near failure of the Maastricht Treaty.
  C) German reunification efforts.
  D) the outbreak of war in the former Yugoslavia.



Question 2 - Developing countries are usually unwilling to negotiate over labor standards because
 
  A) the WTO always tends to rule in favor of industrialized nations.
  B) they fear that industrialized nations are trying to undermine their comparative advantageproduction of agriculture and textiles/appareland close the markets of high-income countries in these areas.
  C) they fear that they may be unable to compete without some protection of their industries.
  D) organized labor would not allow them to negotiate with other countries.



Question 3 - When a central bank sells bonds, cash reserves throughout the financial system increase, interest rates fall, and investment spending increases.
 
  Indicate whether the statement is true or false



Question 4 - Economic restructuring that takes place as a result of opening to trade with other countries
 
  A) contradicts the idea of gains from trade.
  B) causes some trading activity to be zero sum.
  C) worsens the nation's allocation of resources.
  D) improves the nation's allocation of resources.
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Replies
wrote...
6 years ago
[ 1 ]  C

[ 2 ]  B

[ 3 ]  FALSE

[ 4 ]  D
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