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LAST QUIZ 

Theory Vs Reality / International

 Requirements :Arial 11’ minimum 720 words.

 

  

1.  If a nation exported much of its output but imported little, would it be better or worse off?  How about the reverse; that is, exporting little but importing a lot?

2.  Domestic producers often base their claim for import protection on the fact that workers in country X are paid substandard wages.  Is this a valid argument for protection?

3.  What policies would Keynesians, monetarists, and supply- siders advocate for reducing unemployment