Taken as a whole the balance of payments:
a. Is usually positive when a nation is healthy and negative when it is weak.
b. Is usually negative when the nation is healthy and positive when it is weak.
c. Must equal zero.
d. Must equal GDP minus personal consumption expenditures.
e. Can be positive or negative. It does not depend on the health of the country.
.C
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The short run Phillips Curve shows there is ________ relationship between the unemployment rate and the rate of inflation.
A. a positive B. a constant C. a negative D. no
How does the U.S. federal government assist workers who have lost their jobs due to international trade?
What will be an ideal response?
Which of the following functions do prices perform?
a. prices serve as a rationing device for allocating scarce goods and services b. prices help determine incomes c. prices ration consumer demand d. All of these.
When Scuba, Inc, lowered the price of a tank of compressed air by 20 percent, it sold 10 percent more tankfuls. The price elasticity for compressed air is
a. 2. b. 1/2. c. 1. d. 20.