The United States has a trade deficit when the value of the goods and services we import exceeds the value of the goods and services we export.
Answer the following statement true (T) or false (F)
True
See the definition of a trade deficit.
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If household saving decreases by $3 million, business saving increases by $1 million, and the government budget deficit increases by $2 million, then private saving ________ and public saving ________.
A. decrease; decreases B. increases; decreases C. does not change; increases D. increases; does not change
Which is the least common type of business?
A) sole proprietorship B) corporation C) partnership D) impossible to determine without further information
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.
Banks can effectively choose their regulators by deciding whether to:
A. be a private or public corporation. B. be chartered at the national or state level. C. be a member of the Federal Reserve or not. D. purchase FDIC insurance or to forego the coverage.