If imports are $4 billion and net exports are $4 billion, what must be the value of exports?
A. $4 billion
B. $2 billion
C. $0 billion
D. $8 billion
Answer: D
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Suppose a cup of coffee at the campus coffee shop is $2.50 and a cup of hot tea is $1.25 and that a student's beverage budget is $20 per week. What is the most cups of tea the student could buy?
a. 20 b. 16 c. 10 d. 8
You are considering renting a car for the weekend. It costs $200 for the car plus $0.20 per mile (including gas). If you decide to take a detour that adds 50 miles above the 300 miles, what is the cost of the detour?
A. $10 B. $270 C. $200 D. $70
Based on the graph showing the effective federal funds rate, the rates in the early 2000s were ______.
a. the lowest in over 40 years
b. the highest in over 40 years
c. about the average for the past 40 years
d. the only negative rates in over 40 years
According to the Monetarists, the primary cause of inflation is:
A. large budget deficits. B. high taxes. C. rapid expansion of the money supply. D. government expenditures that are large relative to the size of the economy.