The majority of export in the U.S. come from:
A. consumption goods and automotive vehicles.
B. capital goods and industrial supplies.
C. capital goods and consumption goods.
D. industrial goods and consumption goods.
Answer: B
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The aggregate demand curve is likely to shift downward because of a(n): a. increase in a household's wealth. b. decrease in tax rates
c. decrease in government spending. d. increase in consumer spending.
If a tax is levied on the sellers of a product, then the supply curve will
A. shift up. B. become flatter. C. shift down. D. not shift.
Personal consumption accounted for $12.3 billion in 2015 in the United States.
Answer the following statement true (T) or false (F)
The world price of a commodity will settle at the level where
A. supply and demand are equal within each country. B. the excess demand of the importing country is equal to the excess supply of the exporting country. C. the excess demand in the exporting country is equal to the excess demand in the importing country. D. there is no excess demand in the exporting country.