Is the value of U.S. exports typically larger or smaller than the value of U.S. imports?
What will be an ideal response?
As a percentage of GDP, U.S. imports have been larger than U.S. exports since the mid-1970s.
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The M1 measure of money consists of the sum of:
A. currency, checking deposits, and savings deposits. B. checking deposits and travelers' checks. C. currency and travelers' checks. D. currency, checking deposits, and travelers' checks.
A bagel cost $1 in New York and 0.5 euros in Paris. If the real exchange rate is one-half of a New York bagel for a Parisian bagel, how many euros should you receive in exchange for one dollar?
A. 1.5 B. 0.1 C. 2 D. 0.25
Which of the following is NOT true about a tariff?
A. It is a tax. B. It is a barrier to entry in a market. C. It affects the amount of supply of imported goods. D. It leads to a natural monopoly.
Government securities with terms of more than one year are called
A. government bonds. B. capital bills. C. Treasury bills. D. federal funds bonds.