If a country has a trade deficit of $50 billion, which of the following can be true?
A. The country's exports are $110 billion, and its imports are $160 billion.
B. The country's exports are $150 billion, and its imports are $100 billion.
C. The country's exports are $150 billion, and its imports are $60 billion.
D. The country's exports are $100 billion, and its imports are $50 billion.
Answer: A
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Suppose that demand for a good increases and, at the same time, supply of the good decreases. What would happen in the market for the good?
a. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. b. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. c. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
Rank the following in order of highest to lowest interest rate:
a. 1 year AAA municipal bond, 1 year AA municipal bond, 1 year corporate bond, 5 year corporate bond b. 5 year corporate bond, 1 year corporate bond, 1 year AAA municipal bond, 1 year AA municipal bond c. 5 year corporate bond, 1 year corporate bond, 1 year AA municipal bond, 1 year AAA municipal bond d. 1 year AA municipal bond, 1 year AAA municipal bond, 1 year corporate bond, 5 year corporate bond
"If the United States enters a war with Iran, U.S. output will go down." This statement is an example of
A. a positive statement. B. an irrational statement. C. a realistic statement. D. a normative statement.
A positive cross-price elasticity between two goods implies that the two goods are substitutes.
Answer the following statement true (T) or false (F)