Net exports measures the difference between a country's
a. income and expenditures.
b. sale of goods and services abroad and purchase of foreign goods and services.
c. sale of domestic assets abroad and purchase of foreign assets.
d. All of the above are correct.
b
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An unexpected rise in GDP growth should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
If the Internet makes it easier for sellers to find buyers and makes it easier for buyers to learn about the products that are available for sale, we would expect that
a. the volume of trade will decline. b. transaction costs will rise. c. the gains from trade will increase. d. buyers and sellers will be worse off.
The primary purpose of a budget is to
A) figure out how to purchase only items that are needed to sustain life. B) make sure you get the most out of your income by spending wisely and saving regularly. C) figure out how to borrow more so you can increase your current consumption. D) make sure that you do not spend too much money on nonessential items like recreation and vacations.
If a sharp drop in asset prices forces borrowers to sell off additional assets, then asset prices will ________.
A. become sticky downwards B. start to rise C. fall further D. not fall any further