Which of the following line items was the largest debit in 2017?
a. exports of goods
b. imports of goods
c. U.S.-owned assets abroad
d. foreign-owned assets in the United States
b. imports of goods
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Suppose that the country of Pacifica imposes a quota on bananas. The reason that the government imposed this trade restriction could be
A) that the government of Pacifica needs to increase its revenue. B) lobbying from banana farmers in Pacifica. C) comparative advantage. D) Both answers A and B are correct.
What is an isoquant? What is the slope of an isoquant?
What will be an ideal response?
Agencies budgetary requests will be excessively large because _____
a. demand for government services is always increasing b. they want to make the President happy c. they know that their final budget will be smaller than their requests d. of logrolling
Figure 11-1
?
In Figure 11-1, a technological breakdown in calculator production would cause which movement?
A. B to E B. B to C C. B to D D. A to D