Smithson Pottery is considered a regular exporter because the firm fills unsolicited orders from foreign buyers and passively investigates international trade options.
a. true
b. false
b. false
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To increase its economic growth, a nation should
A) limit the number of people in college because they produce nothing. B) encourage spending on goods and services. C) encourage education because that increases the quality of labor. D) increase current consumption. E) eliminate expenditure on capital goods.
Fixed prices in a free-market economy can increase efficiency.
Answer the following statement true (T) or false (F)
A ban on leaded gasoline has reduced ____________ pollution.
Fill in the blank(s) with the appropriate word(s).
During the last half of 2012, the U.S. unemployment rate was above the natural rate and real GDP growth was low. Which of the following is the most likely unemployment rate for this time period?
a) 5 percent b) 6 percent c) 8 percent d) 4 percent