We have run trade deficits every year since ________.
Fill in the blank(s) with the appropriate word(s).
1976
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Which of the following goods is rival and excludable?
a. an uncongested toll road b. an uncongested nontoll road c. a congested nontoll road d. a congested toll road
Changes in currency values ______.
a. occurred daily or even hourly under the Bretton Woods system b. are frequent and of large magnitude under the flexible-rate system c. of 30 percent overnight are fairly common under the flexible-rate system d. were infrequent but of large magnitude under the Bretton Woods system
Net exports are positive when
A. a nation's exports of goods and services exceed its imports. B. a nation's imports of goods and services exceed its exports. C. a nation's exports of goods exceeds its imports. D. a nation's exports of services exceeds its imports.
Increases in government spending are consistent with supply-side economic policies.
Answer the following statement true (T) or false (F)