Which of the following nations was the world's largest exporter in 2012?
A. Germany
B. The United States
C. Japan
D. China
D. China
You might also like to view...
Which of the following statements is NOT true about money?
A) Money can only be coins and paper. B) Anything that serves as a medium of exchange, as a unit of accounting, as a store of value, and as a standard of deferred payment can be called money. C) Money is any medium that is universally accepted by sellers and creditors. D) Money is a standard of deferred payment.
The incidence of a tax depends on whether the government collects the tax from buyers or sellers
Indicate whether the statement is true or false
Assume that an analyst at a leading business daily observes an increase in productivity across industries which announced healthy annual bonus for their employees. This leads him to conclude that productivity is directly related to the incentive scheme followed by companies. The analyst however ignored the increase in capital per worker ratio and other technological developments in these
companies which also affected productivity. This error in reasoning is related to: a. bounded rationality. b. selection bias. c. representative heuristics. d. availability heuristics.
If the Federal Reserve unexpectedly increases the money supply, which of the following will most likely happen in the short run?
a. real GDP will rise. b. real GDP will fall. c. real interest rates will rise. d. the budget deficit will rise.