Suppose that the United Kingdom devalues the pound. If both exports and imports are written in terms of pounds, then the United Kingdom balance of trade ________ during a currency contract period.
A) improves
B) worsens
C) is unaffected
D) falls for a while before increasing
Question 2
One claim that trade barrier proponents use to enforce environmental standards is that
A) environmental standards do not reduce industrial competitiveness and do not induce race-to-the-bottom, where countries are forced to rescind their standards in order to maintain employment.
B) high standards in industrialized nations motivates some firms to export pollution to developing countries by relocating their dirty industries.
C) enforcing environmental standards is essential, as there are no differences between labor standards and environmental standards.
D) all environmental impacts are non-transboundary.
E) None of the above.
Feral pigs in the United States (here Cape Canaveral, Florida)
German and Irish Settlement in the Northeastern United States, 1870
Countries of Origin of Unauthorized Immigrants to the United States
Types of Farms in the United States
GDP per Capita in the United States, 1870–2009
Age structure for the United States