In the circular flow diagram, when Daphne purchases a new mobile phone, she participates in the markets for
goods and services.
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In September of 2007, the Federal Reserve Board Open Market Committee voted to lower interest rates for the first time that year. Explain how lower interest rates affect the aggregate demand curve
What will be an ideal response?
Which of the following is a deficit item on the balance of payments?
A) exports of merchandise B) foreign tourist dollars spent domestically C) sales of gold to foreigners D) purchases of foreign assets
Which of the following statements is true regarding protocols in various types of auctions?
a. An English auction requires bidders to begin with the highest price. b. A Dutch auction starts with the lowest price any bidder is willing to pay, which is displayed in a one-handed clock. c. In a Dutch auction, the first buyer to bid gets the item at the price shown in the one-handed clock. d. In a second-price auction, the second-highest bidder gets the item.
In 2012, U.S. exports of services ______ U.S. imports of services by about _____.
A. exceeded; $19B B. fell short of; $19B C. exceeded; $196 B D. fell short of; $196B