Recall the Application about space debris in the atmosphere to answer the following question(s).Recall the Application. Which of the following is true?
A. Over 20,000 pieces of junk as large as a softball are estimated to be orbiting the earth.
B. Modern global positioning satellites (GPS) are at risk of colliding with orbital junk.
C. Solving the space junk problem will require international cooperation.
D. All of these
Answer: D
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If consumption is $6 billion, investment is $3 billion, government purchases are $1 billion, and GDP is $12 billion, then net exports must equal:
A. $22 billion. B. $10 billion. C. $2 billion. D. $12 billion.
Which of the following would, by itself, reveal the most about a country's standard of living?
a. its level of capital b. the number of hours worked c. its availability of natural resources d. its productivity
Television would have been considered a "new good" type of innovation because
A. consumers already regularly listened to the radio for entertainment. B. it gave companies a new source of advertising revenues. C. it enhanced the quality of life for most people in the economy. D. it had no equivalent in the past.
Since the mid-1970s, the average U.S. tariff rate is
A) less than 5 percent. B) between 6 percent and 15 percent. C) between 16 percent and 25 percent. D) between 26 percent and 35 percent. E) larger than 36 percent.