The economic growth of the United States over the last half-century ________
A) is best understood as the result of high levels of saving and investment
B) is quite similar to the experience of most other economies
C) was driven by rising import purchases
D) has been slower than growth in several other economies
D
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A $1,000 price tag on a stereo system is an example of money as a unit of account
a. True b. False Indicate whether the statement is true or false
If the Japanese government raised its budget deficit, then the yen would
a. depreciate and Japanese net exports would rise. b. depreciate and Japanese net exports would fall. c. appreciate and Japanese net exports would rise. d. appreciate and Japanese net exports would fall.
The joining of firms that are producing or selling a similar product is
A) competition by merger. B) a vertical merger. C) a horizontal merger. D) a hostile takeover.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases B. remains constant. C. initially increases, then decreases. D. decreases.