Refer to Table 21-2. Using the table above, what is the approximate growth rate of real GDP from 2014 to 2015?
A) 1% B) 2% C) 3% D) 4%
D
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Which of the following is NOT a benefit of economic growth?
A) reduction in illiteracy B) improved health C) urban congestion D) longer lives
Which of the following is NOT a direct determining factor of consumers' purchase decisions?
A) Consumers' tastes and preferences B) Market price of the finished goods C) Cost of factor inputs D) Consumers' income
A union never wants to accept a negative marginal wage.
Answer the following statement true (T) or false (F)
If foreigners decide that they no longer want to acquire U.S. financial assets, we can expect the value of the dollar to:
A. fall and the trade deficit to rise. B. rise and the trade deficit to rise. C. fall and the trade deficit to fall. D. rise and the trade deficit to fall.