Question

in the u.s., international trade raises many
that are the same as issues raised by
in the domestic economy.
monetary policy issues; real productivity gains
fiscal policy issues; trade - offs that control inflation
public policy issues; competitive market forces
public policy issues; workers demands for long - term
benefits
question 18 (1 point)
listen
in high - income countries is
caused by the economy being in a recession.
a cyclical standard of living
the natural rate of unemployment
cyclical unemployment
a natural literacy rate

Explanation:

First Question (International Trade and Domestic Economy Issues)

• For the first blank, international trade and domestic economic issues often relate to public policy (like regulations, tariffs, etc.). For the second blank, competitive market forces in domestic economy (like competition, supply - demand) parallel issues from international trade (like global competition). Other options: Monetary policy issues are more about money supply, not general trade issues; fiscal policy issues are about government spending/tax, not matching trade - domestic parallel; workers' long - term benefits are too narrow.

• Cyclical unemployment is unemployment caused by economic cycles (like recessions). A cyclical standard of living is not a standard term; natural rate of unemployment is the normal unemployment (not due to recession); natural literacy rate is about education, not related to recession - caused unemployment.

Answer:

C. public policy issues; competitive market forces

Question 18 (Unemployment in Recession)