A positive level of net exports contributes directly to
a. demand in the resources market.
b. supply in the loanable funds market.
c. demand in the loanable funds market.
d. demand in the goods and services market.
D
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When the government establishes a minimum price for an agricultural product above the equilibrium price, the government is creating a(n)
A) price ceiling. B) elevated price. C) price floor. D) surplus price.
If you buy a gift without knowing what a person really wants or needs, you have demonstrated:
A. the incentive problem of gift-giving. B. the necessity-identification problem of gift-giving. C. the knowledge problem of gift-giving. D. the negative trade problem of gift-giving.
People hold money because it is liquid and lacks risk under the
A. precautionary demand for money. B. money balance demand for money. C. asset demand for money. D. transactions demand for money.
If the inflation rate in the U.S. is higher than in other countries, the value of the dollar in international currency markets will be expected to
A. remain unchanged. B. rise. C. fall.