Net exports of goods and services increase when
A) exports of goods and services decrease and imports of goods and services do not change.
B) consumption expenditure increases.
C) exports of goods and services increase and imports of goods and services do not change.
D) consumption expenditure decreases.
E) imports of goods and services increase and exports of goods and services do not change.
C
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If the number of workers in a country is 12,000 and its income per worker is $380, its gross domestic product is ________
A) $524,000 B) $618,000 C) $4,560,000 D) $1,240,000
China's recent economic performance is most similar to the experience of ________
A) the United States in the 1890s B) Japan in the 1960s & 1970s C) Cuba in the 1990s D) the Soviet Union in the 1950s & 1960s
Unions whose membership includes all workers in a particular product market, whether skilled or unskilled, are known as
a. craft unions b. exclusive unions c. national unions d. regional unions e. industrial unions
One argument for cyclical unemployment is
a. high labor force participation. b. a downturn in the economy. c. sticky downward wages. d. an upturn in the economy.