An example of foreign aid that has improved economic conditions is ________
A) funding of public health programs
B) funding of the U.S. Interstate Highway System
C) programs to reduce foreign debt
D) the Napoleonic code
A
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If Abigail can make more candles in one day than Pierre, then Abigail has an absolute advantage in making candles
Indicate whether the statement is true or false
The leading trading partner of the United States is
A) Canada. B) Japan. C) Germany. D) Mexico.
What happens to the output gap, the real interest rate, and net capital flows with the occurrence of each of the following events? Assume that exchange rates are flexible
a. The Federal Reserve increases the money supply. b. U.S. net exports decrease due to a decrease in incomes in Canada. c. Consumers decide to save more and spend less. d. Expected profits from newly-built factories in the United States decrease.
An outside lag is:
A. a lag in implementing policy. B. the period of time it takes for policies to work. C. a policy aimed at increasing GDP. D. a policy aimed at reducing GDP.