If there is a negative sign in front of unilateral transfers for the United States, then
A) the United States imported more services than it exported.
B) the value of U.S. gifts to foreigners exceeded foreign gifts to U.S. residents.
C) the United States imported more commercial financial assets than it exported.
D) the United States had a negative balance of trade.
B
You might also like to view...
Everything else held constant, an autonomous monetary policy tightening ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
Fiscal policy most directly affects the economy by increasing or decreasing:
A. aggregate demand. B. interest rate. C. long-run aggregate supply. D. the money supply.
Supply-side tax cuts are designed to
A. Shift the Phillips curve to the right. B. Increase the equity of the tax system. C. Remove as much disposable income as possible from the economy. D. Reduce marginal tax rates.
An industry consists of three firms with equal annual sales. What is the industry's C4?
A. 0.75 B. 1.00 C. 0.58 D. There is not sufficient information to compute the industry C4.