Which statement is false?
A. Our balance of payments is the entire flow of U.S. dollars and foreign currencies into and out of the country.
B. Our trade balance is just the difference between our imports and our exports.
C. Our trade balance has been negative since the mid-1970s.
D. None of these statements are false
D. None of these statements are false
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Total expenditure equals
A) C + I + G + NX. B) C + I + G - NX. C) C + I - G + NX. D) C - I + G + NX. E) C - I - G - NX.
A monopolistically competitive industry that earns economic profits in the short run will
A) experience a rise in demand in the long run. B) experience the entry of new rival firms into the industry in the long run. C) experience the exit of existing firms out of the industry in the long run. D) continue to earn economic profits in the long run.
Based on the Saving-Investment Diagram, if the difference between values G and E measures the net capital outflow, then ________
A) the difference between values G and E measures the trade surplus B) the difference between values H and D measures the trade surplus C) the domestic real interest rate is indicated by B D) desired saving has decreased E) none of the above
When tax rates fall, people tend to: When tax rates fall, people tend to: When tax rates fall, people tend to: When tax rates fall, people tend to:
A. increase the amount they work a great deal. B. hardly increase the amount they work. C. hardly decrease the amount they work. D. decrease the amount they work, although to what degree is still being researched.