Trade barriers have a positive effect on an

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Trade barriers have a positive effect on an international level. Comparative advantage no longer applies. Trade barriers serve special interests. Domestic businesses have an incentive to produce efficiently. UNIT 4 — MILESTONE 4 SCORE 21/21
The GDP of the U.S. increased, and the GDP of China decreased. U.S. exports to China increased. The Chinese central bank printed extra currency to exchange with the U.S. The standard of living in the U.S. increased.
A recession is a sustainable level of production. When equilibrium is to the right of the LRAS, that is a sustainable level of production. Producing or consuming more does not always equate to long term economic growth. In a recession, public policy could help an economy return to full employment.
Increase in population, leading to more people available in the work force Factors that shift the LRAS curve to the right Invention of new forms of technology Factors that shift the SRAS curve but not the LRAS curve
Increases in domestic consumption The quality of life or the well-being of a population An economy of a country producing a significant amount abroad The production of firms that are owned by domestic nationals but located overseas
Y=C+I+G+X Y=C+S+T+M X<M X=M
It indicates the birth rate, standard of living and quality of life in a country. It explains the differences between developed and underdeveloped countries. It indirectly accounts for educational attainment and labor force participation. It indicates the access and availability of jobs relative to individuals in the population looking for a position.
A C AS2 B What the Conference Board uses to assess economic growth A strong indicator of economic growth but not wealth distribution A popular economic indicator despite its statistical issues An evaluation of crude, intermediate and finished goods
Too much of this can lead only to inflation Lowering interest rates are an example of this This includes monetary and fiscal policy This can help reduce unsustainable levels of production
For a country that has an equal amount of onshore and offshore production For a country that has offshore production that is offset by onshore production by foreign nationals For a country that has little or no offshore production For a country that is producing significantly in other nations, so there is repatriation of profits outside its borders.
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