Since the formation of NAFTA, our trade deficit with Mexico has gone ___________ and our trade deficit with Canada has gone ____________.
A. up; up
B. down; down
C. up; down
D. down; up
A. up; up
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The Fed influences the interest rate by using which of the following tools? i. open market operations ii. taxes on bank accounts iii. changes in required reserve ratios
A) i only B) ii only C) iii only D) Both i and iii E) i, ii and iii
The European Central Bank's Marginal Lending Facility is used to provide:
A. short-term loans at rates above the target refinancing rate. B. long-term loans to banks at rates below the target refinancing rate. C. long-term loans to banks at rates above the target refinancing rate. D. short-term loans to banks at rates below the target refinancing rate.
Along the Keynesian range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
A. both the price level and real GDP. B. only real GDP. C. only the price level. D. real GDP and reduce the price level.
A monopolistically competitive firm is producing at a short-run output level where average total cost is $10.00, marginal cost is $5.00, marginal revenue is $6.00, and price is $12.00. In the short run, the firm should:
A. make no change in the level of output. B. increase the level of output. C. decrease the level of output. D. increase product price.