When foreigners export goods to the United States
a. they reduce the ability of the U.S. to export products abroad.
b. they acquire the dollars that are necessary to purchase goods, services, and assets from Americans.
c. they reduce the living standards of Americans.
d. they cause the dollar to depreciate.
B
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In a market economy, what encourages firms to develop new products and production processes?
A) contracts B) insurance C) patents D) accounting rules
Which of the following assertions about pollution is generally agreed with by economists?
A) Pollution is never a problem because those who pollute and the victims of pollution can always bargain with one another and arrive at a suitable outcome. B) Due to the demand for products made by those who pollute, it is best to not restrict pollution. C) The problem we face in dealing with pollution is determining the optimal amount of pollution. D) The ideal amount of pollution is no pollution.
A factor of production that cannot be used outside of a particular sector of an economy is a(an)
A) specific factor. B) mobile factor. C) variable factor. D) import-competing factor. E) export-competing factor.
Other things the same, if the U.S. interest rate rises, what happens to the net capital outflow of other countries?