The supply of foreign exchange to the United States is generated by the desire for foreigners to acquire dollars for all except one of the following reasons. Which is the exception?
a. The United States is considered a safe haven in times of political unrest.
b. The dollar has long been accepted as an international medium of exchange.
c. Foreigners want to buy U.S. assets.
d. U.S. goods have become less attractive to foreigners.
e. Foreigners wish to make cash gifts to family in the United States.
D
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When recessions are the result of slowing growth in potential output, the government's best policy is to:
A. decrease aggregate supply. B. promote saving and investment. C. reduce government spending. D. increase aggregate demand.
Legally speaking, the geographic concentration of slavery in the southern part of the U.S. is explained by all of the following except:
a. provisions in the Northwest Land Ordinance of 1787. b. plantations employing high slave labor were present in Southern states. c. laws allowing for gradual emancipation in some northern states. d. an amendment to the U.S. Constitution that allowed importation of slaves only through the port of Charleston after 1800.
Which of the following is not an intermediate good?
A. Tires purchased by Ford to put on their new Explorers. B. Tires sold by Goodyear to put on your Explorer. C. Tomatoes used by Ortega to make their salsa. D. Beef purchased by McDonald’s to make a Big Mac.
An excise tax
a. is a sales tax on the purchase of a particular good or service. b. is a tax on the profits earned from the sale of an asset. c. represents a surcharge on corporate profits beyond the normal corporate tax rate. d. is a tax on income-earning rental property.