During one year, a country sold $6.5 million of goods and service in foreign lands and spent $6.2 million on foreign goods. What is the value of net exports for this country during the year?
a. $300,000
b. $1 million
c. $12.7 million
d. $40.3 million
a. $300,000
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Inflation affects borrowers and lenders differently. After signing a contract with a fixed nominal interest rate, it can be expected that
a. borrowers will hope that prices fall. b. lenders will hope that prices rise. c. lenders will hope that the purchasing power of money will fall. d. borrowers will hope that prices rise.
U.S. antitrust laws are designed to prohibit monopolization and encourage competition. Why, then, does the government erect barriers to entry and create monopoly power by granting firms patents?
What will be an ideal response?
Between 1961-2011 about How much did Canadian real GDP per capita change per year?
What will be an ideal response?
Purchasing power parity means that
A. P = enom / PFor. B. P = PFor. C. enom = mc2. D. enom = PFor / P.