In 2009, the return on American investments abroad was _____ the return earned by foreigners on their investments in the U.S.
A. larger than
B. about equal to
C. smaller than
A. larger than
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Most economists use the aggregate demand and aggregate supply model primarily to analyze
A. short-run fluctuations in the economy. B. the effects of macroeconomic policy on the prices of individual goods. C. productivity and economic growth. D. None of the above is correct.
The graphs above show the production possibilities curves for the U.S. and Canada, which both produce cars and wheat. Determine comparative advantage for each country, and then draw the CPC for each country, assuming that the world price of cars is 1.5 wheat. (Assume that wheat is measured in thousands of bushels.) How would the gains from trade change if the price of cars rose to 1.75 wheat?
What will be an ideal response?
Suppose Diego deposits $4,000 in his bank. If the reserve ratio is 10 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks
A) $0 B) $4,000 C) $10,000 D) $40,000
If a price floor on coffee is set above the market-clearing price, then
A) the quantity of coffee demanded will decrease. B) the quantity of coffee supplied will increase. C) the quantity demanded for coffee will increase. D) Both A and B will occur E) none of the above will occur.