A U.S. firm sells diesel locomotives to a German railroad. Other things the same, this sale
a. increases U.S. net exports and decreases German net exports.
b. decreases U.S. net exports and increases German net exports.
c. increases U.S. and German net exports.
d. decreases U.S. and German net exports.
a
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How large was the estimated U.S. fiscal imbalance in 2014 and how did it divide between current and future generations?
What will be an ideal response?
A free market economy is one in which ________.
A) the government or other centralized group determines what to produce B) individuals determine what to produce with some level of government involvement C) a tightly knit social network barters and trades for goods at a market D) individuals and private firms make decisions based on consumer needs and wants E) privately owned, profit-seeking enterprises are converted to government-owned production and services
Under a system of flexible exchange rates, a decrease in demand for a nation's currency in the foreign exchange market will: a. make it less expensive for foreigners to buy the nation's goods
b. make it more expensive for the nation to import goods. c. cause the nation's balance on current account to shift toward a deficit. d. all of the above
In the circular flow model, the source of the factors of production used to create goods and services is the
a. product market b. resource market c. firms d. households e. exchange market