An Important Result in the Small Open Economy Is That

question 57

Multiple Choice

An important result in the small open economy is that the representative consumer will always be better off

• A) by consuming more of everything.
• B) by importing more than exporting.
• C) by being employed rather than unemployed.
• D) if inflation is stable.
• E) with trade than without it.

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Definitions:

Anther

The part of the stamen in flowers that produces microspores and, ultimately, pollen grains.

Endosperm

A nutritive tissue in seeds of most flowering plants, providing sustenance to the developing embryo.

Triploid

An organism or cell having three complete sets of chromosomes, typically resulting from a cross between a diploid and a tetraploid or through nondisjunction events.

Angiosperm Seed

A reproductive structure produced by flowering plants, containing an embryo and nutrients, enclosed in a protective outer covering.