Relatively high interest rates in the United States contributes to a strong U.S. dollar (less dollars per another currency) and this may lead to a deficit on the U.S. current account
Indicate whether the statement is true or false
T
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When a check is cleared against Bank A after being deposited at Bank B, _____
a. both Bank A's and Bank B's liabilities increase b. both Bank A's and Bank B's liabilities decrease c. Bank A's liabilities increase and Bank B's liabilities decrease d. Bank A's liabilities decrease and Bank B's liabilities increase e. there is an increase in the liabilities of the Federal Reserve
Economists would describe the U.S. automobile industry as:
A. purely competitive. B. an oligopoly. C. monopolistically competitive. D. a pure monopoly.
List and describe the four components of GDP.
What will be an ideal response?
Through the Freedom to Farm Act of 1996, farmers were:
A. Guaranteed declining annual "transition payments" through 2002 B. Given higher price supports for a larger number of agricultural products C. Protected by tariffs on imported agricultural products after 2002 D. Allowed to consolidate smaller farms with larger farms to make farming more efficient