In 2015, which of the following were prominent exports of the U.S.?
A. financial services
B. transportation equipment
C. petroleum
D. all of the answers are correct
Answer: D
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A net exports deficit or surplus equals
A) taxes minus savings plus public and private investment. B) the government sector balance plus the private sector balance. C) net lending by both the private and public sector plus savings minus investment. D) net worth plus the government sector balance minus the private sector balance.
Spending on the war in Afghanistan is essentially categorized as government purchases. How do decreases in spending on the war in Afghanistan affect the aggregate demand curve?
A) They will shift the aggregate demand curve to the right. B) They will shift the aggregate demand curve to the left. C) They will move the economy up along a stationary aggregate demand curve. D) They will move the economy down along a stationary aggregate demand curve.
If the cross-price elasticity of demand between two goods is positive, we can assume that the two goods in question are:
A) complements. B) substitutes. C) inferior goods. D) totally unrelated to one another.
What is the equilibrium condition for price discriminating monopoly firm? Give some examples for price discrimination