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Unformatted text preview: 4. In the U.S. balance of payments, U.S. purchases of assets abroad are a(n): a. U.S. dollar outflow 5. Under an international gold standard A nation sacrifices an independent monetary policy 6. “Offshoring” Is the shifting work previously done by domestic workers to workers located in other countries 7. Export supply curves are _________; import demand curves are _______ Upsloping; downsloping 8. In recent years, The U.S. has had large Balance of trade deficits 9. Suppose the U.S. sets a limit on the number of tons of sugar that can be imported each year. This is an example of a(n) Import quota...
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This note was uploaded on 04/15/2010 for the course ECO 2252 taught by Professor Edward during the Spring '08 term at Troy.
- Spring '08