Compared to the no-trade situation, when a country imports a good, which of the following will occur?
What will be an ideal response?
Domestic consumers gain, domestic producers lose, and the gains outweigh the losses.
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To measure GDP by using the income approach, we must add all incomes and then ________ depreciation and ________ net taxes less subsidies
A) add; neither add nor subtract B) add; add C) add; subtract D) subtract; add E) neither add nor subtract; add
In a market economy, prices help determine the distribution of goods and services but not the allocation of resources
a. True b. False Indicate whether the statement is true or false
Which of the following is an exogenous variable in the Three-Sector-Model?
a. Real GDP b. GDP price index c. Real risk-free interest rate d. Required reserve ratio e. Quantity of real credit per time period
If Israel's domestic investment exceeds its national saving, then Israel has
a. positive net capital outflows and negative net exports. b. positive net capital outflows and positive net exports. c. negative net capital outflows and negative net exports. d. negative net capital outflows and positive net exports.