Net exports are
A. The value of exports minus the value of imports.
B. Not included in GDP.
C. Exports that ultimately are imported back into the United States.
D. Goods sold to foreigners.
Answer: A
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Use the following table to answer the next question.YearUnemployment Rate (%)Inflation Rate (%)14.03.024.52.535.02.045.53.055.02.5Based on this data, we can conclude ________.
A. the Phillips Curve model is wrong B. the Phillips Curve model cannot be evaluated C. the Phillips Curve model is correct D. the Phillips Curve model is sometimes correct, but does not account for all events
Which of the following characterizes the market that Chipotle competes in?
A) "Fast-casual" restaurants sell identical products. B) All "fast-casual" restaurants face horizontal demand curves. C) Barriers to entry are low. D) There are a small number of firms.
Which of the following statements is least accurate about the period between the end of World War I and 1930?
a. African Americans migrated in large scale from the north to the south. b. There was a significant increase in activity by the Ku Klux Klan. c. A Constitutional Amendment gave women the right to vote. d. A Constitutional Amendment prohibited the manufacture, distribution, and sale of intoxicating liquor.
Using public policy to promote health can:
A. contribute to growth. B. take away resources from those that promote growth. C. hurt a country's chance of reaching high growth. D. discourage citizens from taking care of themselves.