The balance of trade records information about:
a. purchases of U.S. merchandise exports by foreigners
b. purchases of foreign financial assets by Americans.
c. American purchases of foreign services while traveling abroad.
d. errors and omissions.
a
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The above figure shows the U.S. market for wheat. With international trade, the price of wheat in the United States is ________ per ton and the United States ________ wheat
A) $16; exports B) $14; exports C) $14; imports D) $16; imports E) $14; does not trade
China's recent experience supports the proposition that
A) "economic miracles" are solely to be expected in small countries. B) central planning and socialism can promote sustained economic growth. C) a lessening of income disparities is a prerequisite for economic growth. D) growth in a large country cannot be affected by its foreign sector. E) policy changed can dramatically prompt export oriented growth
In general, the medium voter model can be described as a powerful model for _____
a. analyzing demand for public goods b. analyzing the dynamics of business cycles c. analyzing demand aggregation in a democracy d. analyzing the supply of politicians
The financial crisis and recession which began in 2007:
A. impacted only high-income countries. B. did not impact the United States. C. impacted many countries in the world. D. impacted only low-income countries.