Which of the following statements is true?
a. Real GDP is a positive function of net exports.
b. In the 1980s, the United States experienced a large trade surplus with Japan.
c. Positive net exports mean that the domestic country imports more than it exports.
d. Total U.S. net exports with Western Europe are zero.
e. U.S. net exports are negative because of large trade deficits with other industrial nations.
e
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A rise in the value of a currency is called a(n)
A) consolation. B) integration. C) appreciation. D) depreciation.
Refer to the table above. If the market for notebooks is perfectly competitive, the equilibrium quantity is:
A) 2 units. B) 3 units. C) 4 units. D) 5 units.
When economists say that mortgages are "securitized" what do they mean by this description?
What will be an ideal response?
Aimee sells hand-embroidered dog apparel over the Internet. Her annual revenue is $128,000 per year, the explicit costs of her business are $42,000, and the opportunity costs of her business are $30,000. What is her economic profit?
A) $12,000 B) $56,000 C) $86,000 D) $98,000