During the entire period of 1820–1920, there were persistent trends in the structure of American foreign trade. They exhibited
(a) a decrease in imported finished manufactures and an increase in exported finished manufactures.
(b) an increase in the exports of crude materials and foodstuffs and a decline in their importation.
(c) increases in both imports and exports of manufactured goods and foodstuffs.
(d) no exports or imports.
(a)
You might also like to view...
When a tax alters consumers' incentives, it is:
A. always the explicit purpose of the policy. B. sometimes a side effect of a tax designed to raise revenue. C. called a sin tax. D. meant to encourage increased consumption.
Assume that the U.S. can produce either 10 million cell phones or 20 million picture frames and that Canada can produce either 2 million cell phones or 6 million picture frames. Based on this information, which of the following is true? a. Both countries could benefit if the U.S. traded cell phones to Canada for picture frames. b. Both countries could benefit if the U.S. traded picture frames
to Canada for cell phones. c. Canada could gain from trade but the U.S. could not. d. The U.S. could gain from trade but Canada could not.
Adjusting GDP downward for the impact industry has on the environment results in a number that is greatly disputed, but is often referred to as
A. "environment-neutral GDP."
B. "resource-adjusted GDP."
C. "green GDP."
D. "eco-output."
Wind turbines are an alternative energy source that creates no negative externalities.
Answer the following statement true (T) or false (F)