According to the Keynesians,
a. an easy-fiscal tight-monetary policy reduces the trade deficit, such as what occurred during the 1980s.
b. an easy-fiscal tight-monetary policy mix affects the composition of output by encouraging imports of foreign goods and discouraging U.S. exports, as was experienced during the 1980s.
c. there was not a link between the rising government budgetary deficit and the rising trade deficit during the mid-1980s.
d. budget deficits and trade deficits should not be a source of concern
Question 2
What is/are the central argument(s) against tariffs?
(a) They redistribute income away from consumers who are paying higher prices because of the tariffs. These rents are given to the individual industries that are protected by the tariffs and
are operating inefficiently.
(b) A laissez-faire economy is the American way.
(c) They protect the wealthy.
(d) They benefit only fast-growing industries.
An electron micrograph from an experiment demonstrating the function of a tight junction
Atlantic Slave Trade, 1451–1870
What Reduces the Risk of Divorce?
Global Links: African Slave Trade
Scientific monitoring with environmental policy (SOER)
Food policy can drive the food industry