The overall trend in resource prices has been
a. upward.
b. downward.
c. constant.
d. increasing exponentially.
B
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“The market has failed to provide enough rental housing in New York City. This demonstrates another failure of free markets-they may lead to shortages of necessities.” Explain why you agree or disagree.
What will be an ideal response?
In market economies, income distribution is always going to be completely equitable
Indicate whether the statement is true or false
In the balance of payments accounts, a net importer of capital is a nation that
a. sells more goods in foreign countries than it imports b. buys more goods from foreign countries than it exports c. sells more assets to individuals in other countries than the assets it buys from them d. buys more assets from individuals in other countries than the assets it sells to them e. imports less machinery than it exports
The cyclically-adjusted deficit as a percentage of GDP is 2 percent in Year 1. This cyclically-adjusted deficit becomes 1 percent of GDP in Year 2. It can be concluded from Year 1 to Year 2 that:
A. Fiscal policy was more expansionary B. Fiscal policy was more contractionary C. The Federal government is decreasing taxes D. The Federal government is increasing spending