Which of the following lists gives world exports in the order of their value, from highest to lowest?
a. Aircraft, motor vehicle parts, crude petroleum
b. Aircraft, crude petroleum, motor vehicle parts
c. Crude petroleum, office and telecom equipments, automotive parts
d. Motor vehicle parts, aircraft, crude petroleum
e. Motor vehicle parts, crude petroleum, aircraft
c
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Historically barriers to development in the U.S., such as the dry deserts of some of the country's western states, have been solved by
(a) only government action. (b) only private action. (c) a blend of government and private actions. (d) foreign expertise.
Refer to the graph shown. If hamburgers are produced by a perfectly competitive industry with a market demand D, in long-run equilibrium the price will be:
A. $6, and 100 will be sold. B. $4, and 100 will be sold. C. $4, and 200 will be sold. D. $5, and 150 will be sold.
From 2005 to 2006, the U.S. economy experienced significant inflation because the aggregate demand curve shifted outward more than the aggregate supply curve shifted outward.
Answer the following statement true (T) or false (F)
Considering only its direct effect on income, contractionary monetary policy tends to:
A. increase a trade deficit and increase the exchange rate. B. decrease a trade deficit and increase the exchange rate. C. increase a trade deficit and decrease the exchange rate. D. decrease a trade deficit and decrease the exchange rate.