The U.S. economy would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas
Indicate whether the statement is true or false
TRUE
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If household saving decreases by $3 million, business saving increases by $1 million, and the government budget deficit increases by $2 million, then private saving ________ and public saving ________.
A. decrease; decreases B. increases; decreases C. does not change; increases D. increases; does not change
In the short run, if the Fed wants to raise the federal funds rate, it
A) instructs large commercial banks to sell government securities in the open market. B) instructs the New York Fed to buy government securities in the open market. C) instructs the New York Fed to sell government securities in the foreign exchange market. D) instructs the New York Fed to sell government securities in the open market. E) tells large commercial banks to raise their interest rates.
With regional specialization, a nation is bound to suffer some mismatch unemployment. For example, in the early 1990s the highest regional unemployment rate was in
A) California. B) the South. C) the Midwest. D) none of the above because the unemployment rate as essentially equal in all regions.
In the above graphs a direct relationship is shown by
A) Graph A. B) Graph B. C) Graph C. D) Graph D.