At the time of the Civil War the most important crop in the South was _________.
Fill in the blank(s) with the appropriate word(s).
cotton
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Planned investment spending, a component of aggregate demand, is equal to
A) fixed investment plus actual inventory investment. B) fixed investment plus unplanned inventory investment. C) fixed investment. D) fixed investment plus planned inventory investment.
The main objective of advertising for a monopolistically competitive firm is
A) to differentiate the product and boost demand. B) to reduce cost. C) to earn long run profits. D) none of the above.
U.S. imports are goods and services
A. produced abroad and sold to foreigners. B. produced in the United States and sold to Americans. C. produced in the United States and sold to foreigners. D. produced abroad and sold to Americans.
If the $/peso exchange rate falls, then so does the value of the peso.
Answer the following statement true (T) or false (F)