Inventory is the stock of goods that a company:
A. produces this year, but keeps to sell them next year.
B. produced last year, but had to sell for below cost.
C. produces now but has contractually already sold it.
D. produces and sells in a given time period.
A. produces this year, but keeps to sell them next year.
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In addition to the consumer price index, the Bureau of Labor Statistics also calculates the
a. macroeconomic price index. b. producer price index. c. rental unit price index. d. terms of trade.
Developing countries do:
A. compete with one another for foreign investment, and this competition reduces the benefits from foreign investment. B. not compete with one another for foreign investment, because they have sufficient domestic saving to finance their investment needs. C. not compete with one another for foreign investment, because they lack the infrastructure to attract it in the first place. D. compete with one another for foreign investment, but this competition is beneficial to developing countries because it insures a more efficient allocation of resources.
A surplus item is
A. the import or export of products that are by-products of the manufacturing of export goods. B. the import of goods or services that is not needed by residents of a country. C. any transaction that leads to a payment by a resident of a country or its government. D. any transaction that leads to a receipt by a resident of a country or its government.
What are the effects on U.S. imports and exports when the U.S. experiences economic growth stronger than its major trading partners?
A. U.S. imports will increase more than U.S. exports B. U.S. exports will increase more than U.S. imports C. U.S. imports will decrease, but U.S. exports will increase D. There will be no effect on U.S. imports and exports