Net exports is calculated by subtracting what from exports?
a. aggregate expenditure
b. government purchases
c. imports
d. inventories
c
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When the Fed receives an inflow of Federal Reserve notes, its
A) assets rise. B) liabilities decline. C) liabilities increase. D) assets decline.
When two single-product firms that produce complimentary products merge into a single firm, that firm will want to raise prices of the two products
Indicate whether the statement is true or false
Which of the following is most likely to result in a decline in the economic growth of a nation?
a. The installation of a network of irrigation ditches and pumping stations to grow fruits and vegetables in parts of southern California b. The invention of a threshing machine for harvesting grains c. Increased government funding for higher-secondary education d. Emigration by the citizens of Nomanzia, an island country, when a politically repressive regime took office
Supply and demand together determine the price and quantity of a good sold in a market
a. True b. False Indicate whether the statement is true or false