Foreign investment in the United States gives us
A. greater control over our economy.
B. less control over our economy.
C. neither greater control nor less control over our economy.
B. less control over our economy.
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What are the differences between the four market structures in terms of the number of sellers in the market and the types of products produced?
What will be an ideal response?
The job finding rate
A) equals 1 minus the job loss rate. B) remains constant over the business cycle. C) rises in recessions. D) rises in expansions.
Table 5.2National Income Accounts (dollar figures are in billions)Expenditures for consumer goods and services$2,850Exports$300Government purchases of goods and services$810Social Security taxes$295Net investment$510Indirect business taxes$445Imports$450Gross investment$700Corporate income taxes$190Personal income taxes$875Corporate retained earnings$210Net foreign factor income$0Government transfer payments to households$780Net interest payments to households$20On the basis of Table 5.2, disposable income is
A. $2,805 billion. B. $4,480 billion. C. $3,680 billion. D. $3,490 billion.
Tariffs and quotas:
A. benefit producers of protected products but harm domestic consumers. B. benefit both producers of protected products and domestic consumers. C. benefit neither producers of protected products nor domestic consumers. D. benefit domestic consumers at the expense of producers of protected products.