INR 2002 Study Guide - Final Guide: Carteret Islands, International Criminal Court, Caspian Sea
2 Oct 2016
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Governments may protect their domestic industries from economic competition by using__________: tariffs, subsidies, and quotas. An example of nonstate actors that plays a role in international economics are _____: financial rating firms like moody"s and standard & poor"s. International currency exchange, balance of international payments, and national accounts are all coordinated by _______________: the international monetary fund. When a country experiences a trade deficit, its citizens __________________: are buying more from overseas producers than they sell overseas and have less money for the purchase of domestically produced goods and services. With respect to international trade, absolute gains refers to _____________: whether trade allows a country to gain more money and power in the future than in the past. What domestic institutions are used by most industrialized countries to put control of monetary policy in the hands of economists and financial experts instead of politicians: central banks.
