A Turkish firm exchanges lira (Turkish currency) for dollars. It then uses these dollars to purchase computers from the U.S. These actions decrease U.S. net capital outflow and increase U.S. net exports
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Singapore had a GDP per capita of $395 in 1960, and $52,918 in 2013. The U.S had a GDP per capita of $2,881 in 1960 and $52,839 in 2013. Such a growth is referred to as:
A) instant growth. B) disguised growth. C) catch-up growth. D) sustained growth.
Economics
_____ is any undesirable byproduct of production
Fill in the blank(s) with the appropriate word(s).
Economics
Refer to Figure 6-36. If the government places a $2 tax in the market, the buyer pays $4.
a. true
b. false
Economics
Barter is a system of
A. trade without the use of money. B. trading one good for another. C. the double coincidence of wants. D. All of these responses are correct.
Economics