Cortez was one of the leading explorers from _____
a. England
b. France
c. Holland
d. Portugal
e. Spain
e. Spain
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A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private fixed capital in the year was $25 billion. Assuming stable prices, gross investment was ________.
A. $90 billion B. $50 billion C. $75 billion D. $25 billion
All of the following are factors that will shift the supply curve except
A) a change in production technology. B) changing tastes and preferences. C) a change in the price of substitutes in production. D) a change in the number of producers.
If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with
A) dollars. B) yuan, the Chinese currency. C) international monetary credits. D) euros, or any other third currency.
The presence of the automatic stabilizers means an increase in the budget deficit will be automatically experienced during a recession whereas a budget surplus will be automatically experienced during an economic expansion
a. True b. False Indicate whether the statement is true or false