Exam 36: Globalization and International Impacts on the Economy

Suppose the supply of Malaysian rubber increases. If U.S.producers purchase this rubber,in the United States,this would cause a

As a result of contractionary monetary policy,the open-economy outcome,compared to the closed-economy outcome,features a ___________ fall in Real GDP and a ____________ fall in the price level.

International trade (a key component of globalization)has been linked to higher prices in numerous studies.

_______________ is the practice of hiring people in other countries to do a job that was once done domestically.

Harvard University admits a lower percentage of applicants than does India's Indian Institute of Technology.

A depreciation of the dollar relative to another currency will raise U.S.exports,lower U.S.imports,and raise U.S.net exports.

In 1946 the average tariff rate in the United States was around ___________ percent,while the average tariff in 2012 was about ____________ percent.

Globalization is necessarily bad for U.S.workers.

Which of the following is true?

Between 1977 and 2004,the inflation-adjusted prices for an array of goods traded between countries __________ while the inflation-adjusted prices for an array of goods not traded between countries

A simultaneous leftward shift in SRAS and rightward shift in AD may come from a dollar _______________ in the aftermath of a ____________________ in United States real interest rates.

Between 1940 and 2000,income per person in China

When the dollar depreciates,this shifts the AD curve rightward and the SRAS curve leftward,leading to a higher price level.

Between 1980 and 2000,income per person in India

In recent years,the Chinese government has _____________ bonds issued by the U.S.government which has _____________ interest rates in the United States beyond what they would have been otherwise.

Which of the following is not an affect of a higher federal budget deficit?

Economists are fairly confident that globalization leads to a(n)_____________ standard of living based on their comparisons of countries with __________________ characteristics.

North Korea has ____________ the process of globalization,while South Korea has _______________ it. A likely result of this is that South Koreans have a much ______________ standard of living than North Koreans.

Which of the following is not an affect of a higher federal government budget deficit?

Which of the following is a general rule of business etiquette in the given city?