"It is possible to restrict imports and still maintain a fixed level of exports." Do you agree or disagree? Why?
What will be an ideal response?
Disagree. If people sell fewer imports to the United States they have less dollars with which to buy United States exports. Since imports ultimately are paid for by exports, a restriction on imports will reduce exports, at least in the long run.
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Once the problem of subsistence food growing had been solved, regional growth resulted in which of the following?
(a) Balanced growth across all sectors of the economy (b) Increased import growth and decreased export growth (c) Developed export activity (d) Faltering secondary industrial growth
If a person drives with less care after purchasing auto insurance, this situation would be an example of a(n)
What will be an ideal response?
The total market value of all goods and services produced by factors of production within a nation is called
A. gross domestic income. B. value added. C. gross output. D. gross domestic product.
The Children's Health Insurance Program is designed to
A. augment Medicaid by insuring the children of working (but low income) families who have no insurance. B. replace Medicaid for children. C. replace Medicaid for families with children. D. insure all children, regardless of circumstance.