An economy that has interactions in trade or finance with other economies is referred to as
A) a closed economy. B) a net foreign investment economy.
C) a trade-balanced economy. D) an open economy.
D
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As U.S. real GDP falls, poorer households may decide to buy ________ foreign goods and assets, which would cause a(n) ________ of the U.S. dollar.
A. fewer; appreciation B. more; appreciation C. fewer; depreciation D. more; depreciation
In classical growth theory, if real GDP per person is above the subsistence level,
A) population grows and lowers real GDP per person to its subsistence level. B) the pursuit of profit will cause economic growth to accelerate. C) technological growth occurs and keeps real GDP per person above its subsistence level. D) the economy will keep growing without limit. E) None of the above is correct because the classical growth theory asserts that real GDP per person can never exceed the subsistence level.
What might be some of the causes and consequences of industrial concentration? Provide some examples
What will be an ideal response?
The form of public debt that matures in 3, 6, or 12 months is
a. Treasury bond b. Treasury bill c. Treasury note d. U.S. savings bond e. U.S. savings bill