A main reason why the U.S. trade deficit grew so large from 1997 to 2000 was that
a. Congress removed all tariffs and trade restrictions on imports.
b. NAFTA was introduced and Mexican exports flooded the United States.
c. the international value of the dollar fell during the 1990s, which encouraged U.S. exports.
d. the international value of the dollar rose in the last half of the 1990s, which encouraged U.S. imports and damaged U.S. exports.
d
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All of the following are advantages of a corporation EXCEPT
A) double taxation. B) limited liability. C) ability to raise large sums of financial capital. D) unlimited life.
On a supply-and-demand diagram, consider a price for which the horizontal distance to the supply curve is shorter than the horizontal distance to the demand curve. There is a __________ at that price and the current price must be __________ the equilibrium price
A) shortage; above B) shortage; below C) surplus; above D) surplus; below
Calculate the total change in aggregate demand because of an initial $300 decrease in investment spending, given that C = 150 + 0.50YD.
A. $300 decrease. B. $150 decrease. C. $600 decrease. D. $1,200 decrease.
If a firm manager has a base salary of $100,000 and also receives 5 percent of all profits, what percentage of his/her final income will be from a profit-sharing plan when profit equals $1,500,000?
A. 51 percent B. 48 percent C. 27 percent D. 43 percent