(The following national income data are in billions of dollars.)
Refer to the above data. This nation's exports are:
A.
$9 billion
B.
$16 billion
C.
$24 billion
D.
$28 billion
C.
$24 billion
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If consumers elect to postpone consumption so they can have a more enjoyable future, the supply of loanable funds would increase and the market rate of interest would fall
a. True b. False
If the demand of U.S. dollars drops sharply
A. the dollar will depreciate in value. B. foreigners holding U.S. assets will suffer tremendous losses. C. Americans will have to pay a lot more for imported goods. D. All of the choices are true.
80% of the total number of people in Genovia with health insurance are above 40 years of age. Which of the following economic concepts helps in explaining this fact?
A) The concept of negative externalities B) The concept of adverse selection C) The concept of free riding D) The concept of positive externalities
The assertion "capital is productive, but the ownership of capital is not," assumes the efficient use of resources
A) is different from technological efficiency and more difficult to achieve. B) is no more likely under one ownership arrangement than another. C) may be significantly affected by transferring ownership from private to public hands. D) sometimes is affected by transferring ownership from public to private hands.