The term crowding out refers to decreases in the interest rate caused by government budget surpluses
a. True
b. False
Indicate whether the statement is true or false
False
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The World Trade Organization provides for all of the following EXCEPT
A) the usage of the most favored nation clause. B) assistance in the settlement of trade disagreements. C) bilateral tariff reductions. D) multilateral tariff reductions. E) the prevention of nontariff interventions in trade.
According to the U.S. Bureau of Economic Analysis, by the third quarter of 2014, foreign investors had accumulated ________ of U.S. assets.
a. $30.8 billion b. $30.8 trillion c. $24.6 trillion d. $2.46 trillion
The share of GDP taken by taxes is considerably higher in the United States than in other countries
a. True b. False Indicate whether the statement is true or false
Suppose a firm is hiring resources l and m under purely competitive conditions to produce product Y, which sells for $2 in a purely competitive market. The prices of l and m are $10 and $4 respectively. In equilibrium the MPs of l and m, respectively,
are: A. 1 and 1. B. 2 and 5. C. 10 and 4. D. 5 and 2.