Today, the United States charges an average tariff rate of less than 1.5 percent
Indicate whether the statement is true or false
TRUE
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The rational expectations school advocates: a. Monetarism
b. Keynesianism. c. the use of fiscal policy. d. the use of monetary policy. e. a passive approach to policy.
Which of the following line items was the largest credit for 2017?
a. service exports
b. service imports
c. imports of goods
d. exports of goods
Suppose the government has a $180 billion budget deficit. If the government creates $95 billion of new money to finance this deficit and finances the rest by borrowing, the amount borrowed from the public will be
A) $85 billion. B) $95 billion. C) $180 billion. D) $275 billion.
All else constant, as the amount of a firm's implicit costs increases, the difference between economic profit and accounting profit will:
A) increase. B) stay the same. C) decrease. D) cannot be determined without more information.