Which statement is true?
A. Since 2007, the U.S. trade deficit has fallen significantly.
B. Net exports has always been negative.
C. The U.S. exports more services than merchandise (in terms of dollars).
D. The U.S. balance of trade was negative for most of the 20th century.
A. Since 2007, the U.S. trade deficit has fallen significantly.
You might also like to view...
The idea that people will not consciously make decisions that make them worse off is known as
A) rationality assumption. B) the decision duality. C) Adam Smith's doctrine. D) incentive assumption.
Answer the following statements true (T) or false (F)
1) The American Rule states that the plaintiff must pay their legal fees only the court rules in favor of the defendant. 2) The actual amount a plaintiff will win in a lawsuit is a random variable. 3) From an economic perspective, the decision to settle or litigate depends on actual guilt or innocence. 4) If the expected loss from litigation exceeds the expected gain, the defendant has an economic incentive to settle. 5) If the expected loss from litigation exceeds the expected gain, the defendant has an economic incentiv333) The larger a defendant's expected payment to a plaintiff, the more likely the case will be settled regardless if the expected payment is high due to the plaintiff's probability of winning, or if there is a large potential damage payment.e to settle.
The economic system that answers the What, How and For Whom questions using prices determined by the interaction of supply and demand is a:
A. market economy. B. command economy C. soviet economy. D. traditional economy.
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline