Americans spend more on goods produced in China than Chinese citizens spend on goods produced in the United States
a. True
b. False
A
You might also like to view...
In the table above, points A through F represent _______________________ of resources.
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
Which of the following policy action by the Fed is likely to cause the money supply to increase?
A. An open market sale B. An increase in required reserve ratios C. An increase in the discount rate D. An open market purchase.
An example of capital is:
A) cash. B) a factory building. C) money in a checking account. D) the existing state of technology.