Author Question: During the worldwide recession of 2007-2009, A) the Fed and the European Central Bank worked ... (Read 51 times)

stephzh · **on:** Jun 30, 2018

During the worldwide recession of 2007-2009,

A) the Fed and the European Central Bank worked together.
B) all countries coordinated macroeconomic policies.
C) nations sacrificed some sovereignty.
D) the IMF coordinated world economic policies.

Question 2

Empirical tests of the HO model have had mixed results. One explanation for this is that

A) the Ricardian model is more detailed.
B) it is difficult to measure factor endowments.
C) it does not explain the effects of trade on income.
D) it assumes that countries have different technologies.