According to the text, which of the following is true?
A. The United States imports baseballs and exports corn.
B. The United States imports auto parts and cars, but it doesn't export cars.
C. The United States imports wheat, but not auto parts since it exports auto parts.
D. The United States imports paper, but not computers since it exports computers.
Answer: A
You might also like to view...
Silent auctions are an example of what type of price discrimination?
A. First-degree price discrimination. B. Second-degree price discrimination. C. Third-degree price discrimination. D. It is not price discrimination.
Refer to Figure 26-7. Suppose the economy is in short-run equilibrium above potential GDP, the unemployment rate is very low, and wages and prices are rising
Using the static AD-AS model in the figure above, the correct Fed policy for this situation would be depicted as a movement from A) A to B. B) B to C. C) C to D. D) C to B. E) A to E.
In the generalized dividend model, a future sales price far in the future does not affect the current stock price because
A) the present value cannot be computed. B) the present value is almost zero. C) the sales price does not affect the current price. D) the stock may never be sold.
Marginal land is land on the borderline of
a. producing revenue. b. being used profitably. c. producing economic rent. d. a facility that produces output.