A firm in the United Kingdom hires a firm in the U.S. to train its managers. By itself this transaction
a. increases U.S. imports and decreases U.S. net exports.
b. increases U.S. imports and increases U.S. net exports.
c. increases U.S. exports and decreases U.S. net exports.
d. increases U.S. exports and increases U.S. net exports.
d
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In the above figure, saving will equal zero when real disposable income equals
A) 500. B) 600. C) 60. D) 0.
When the total U.S. production of goods and services is divided into consumption goods and services, capital goods, government goods and services, and export goods and services, the largest component is
A) consumption goods and services. B) capital goods. C) government goods and services. D) export goods and services. E) capital goods and government goods and services tie for the largest component.
In North Carolina, a car must pass an emissions test before it can be registered. The emissions test costs $20 per car. This system is an example of
A. direct controls on pollution. B. a per-unit emissions tax. C. a “license to pollute.” D. subsidies for nonpollution.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by
A. more than 30. B. exactly 60. C. fewer than 30. D. exactly 30.