Which of the following is not a major trading partner of the U.S.?
A. Canada
B. Mexico
C. Russia
D. China
C. Russia
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The legality of which of the following actions would be determined using the rule -of-reason?
A) an agreement with a competitor firm to adjust output levels B) an agreement with a competitor firm to not sell to a particular customer C) an agreement with a competitor firm not to bid on a contract D) an exclusive dealings contract with a customer
The Federal Reserve operates under a rule that requires money supply growth to increase by one percentage point for every percentage point that unemployment rises above its natural rate
a. True b. False Indicate whether the statement is true or false
Some nations that seek to produce all of their own needs face the problem that
A. they can deplete their natural resources faster as a result. B. some industries are too small to be efficient if restricted to their domestic markets alone. C. the opportunity cost of producing some of their own goods is higher than that of trading with others for them. D. all of the above are true.
If your wages are indexed so that they automatically adjust for inflation, in a period of continued high inflation, the cost of the goods and services you buy ____ and your nominal income ____
a. decreases, decreases
b. increases, increases
c. decreases, remains the same
d. increases, remains the same