Identify the correct statement
a. As domestic income rises, imports rise and net exports fall.
b. As foreign income rises, net exports fall.
c. As domestic income falls, imports rise and net exports fall.
d. As domestic income rises, imports fall and net exports rise.
e. As foreign income falls, net exports rise.
a
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Alcoa, which produced about _____% of the country's aluminum, maintained in its 1945 case that while it was big, it was not ____________. The Supreme Court found that _________.
Fill in the blank(s) with the appropriate word(s).
Suppose policy makers are pursuing a policy to fix the exchange rate. In such a system with perfect capital mobility, an open market purchase of domestic bonds by the domestic central bank will eventually result in
A) a permanent increase in the monetary base. B) a permanent reduction in the monetary base. C) a change in the composition of the monetary base. D) a gradual reduction in the domestic interest rate.
Harry needs to hire an accountant but does NOT know how to find a good one. The accountant is a(n)
A) experience good. B) credence good. C) logo good. D) search good.
Which of the following is NOT considered one of the factors of production?
A) land B) labor C) capital D) technology E) entrepreneurship