The decrease in exports from the United States is in part due to the strength of the U.S. dollar relative to foreign currencies. This statement is best described as
A. an unsubstantiated statement.
B. a normative statement.
C. a marginal statement.
D. a positive statement.
Answer: D
You might also like to view...
With regard to indentured servitude,
(a) indentured servants were typically slaves. (b) this institutional arrangement benefited all parties entering the contract. (c) this institutional arrangement restricted the supply of labor for the colonies. (d) all of the above answers are correct.
Only final goods and services count in calculating the GDP.
Answer the following statement true (T) or false (F)
If your assets are highly liquid, this means you can make transactions on short notice.
Answer the following statement true (T) or false (F)
Suppose that you could either prepare your own tax return in 15 hours or hire a tax specialist to prepare it for you in 2 hours. You value your time at $11 an hour; the tax specialist will charge you $55 an hour. The opportunity cost of preparing your own tax return is
A. $55. B. $165. C. $110. D. $40.