All of the following companies export over one quarter of their production except
A. Oracle.
B. Caterpillar Tractors.
C. Boeing.
D. McDonalds.
Answer: D
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The sum of public spending on goods and services and transfer payments during a given period cannot exceed tax revenues plus borrowed funds. This is the statement for
A) ad valorem taxation. B) an excise tax. C) a sales tax. D) the government budget constraint.
Is internally held public debt or externally held public debt less likely to be a problem? Explain
Which of the following is a normative economic statement?
a. The Federal budget surplus rose by 10 billion dollars b. A fall in the unemployment rate was forecast for next month c. The Federal funds rate was reduced by half a percentage point d. A trade deficit of 20 billion dollars will harm the economy
Cost-push inflation may be caused by:
A. an increase in resource availability. B. a negative supply shock. C. a decline in per-unit production costs. D. a decrease in wage rates.