With regard to the major issues involving trade imbalances, which of the following explains why smaller countries around the world should take some steps to limit flows of international capital?
A. to counter cyclical unemployment
B. to reduce susceptibility to economic whiplash
C. to maintain the natural rate of unemployment
D. to achieve real productivity gains
Answer:B
With regard to the major issues involving trade imbalances, which of the following explains why smaller countries around the world should take some steps to limit flows of international capital?
A. to counter cyclical unemployment B. to reduce susceptibility to economic whiplash C. to maintain the natural rate of unemployment D. to achieve real productivity gains
Explanation: Type: Multiple Choice