Which of the following statements is most likely true?
a. In recent decades, the export/GDP ratio has generally fallen, both worldwide and for the U.S. economy.
b. In recent decades, the export/GDP ratio has generally risen worldwide, but not for the U.S. economy.
c. In recent decades, the export/GDP ratio has generally risen, both worldwide and for the U.S. economy.
d. In recent decades, the export/GDP ratio has generally fallen worldwide, but not for the U.S. economy.
c. In recent decades, the export/GDP ratio has generally risen, both worldwide and for the U.S. economy.
In recent decades, the export/GDP ratio has generally risen, both worldwide and for the U.S. economy.
You might also like to view...
Fill in the blank: According to your text, ________ may be the most powerful force behind economic growth
A) minimum wages B) unionization C) technical innovation D) a well-motivated bureaucracy E) price compression
A deductible reduces ________ in exactly the same way as ________
A) moral hazard; coinsurance B) adverse selection; restrictive provisions C) moral hazard; cancellation of insurance D) adverse selection; limits on the amount of insurance
In 2015, Richard buys a 2003 Chevrolet minivan from a neighbor. Will this be counted in the GDP for 2015?
a. Yes b. No c. Yes, if sales tax is paid d. No, because the purchase was from an individual not a dealer
Another name for a "flat-rate tax" in which the same tax rate applies to all income earners is a
A) proportional tax. B) progressive tax. C) regressive tax. D) passive tax.