An economic boom in China is likely to lead to a(n):
a. decrease in U.S. exports and U.S. aggregate demand.
b. increase in U.S. exports and U.S. aggregate demand.
c. decrease in U.S. imports and U.S. aggregate demand.
d. increase in U.S. imports and U.S. aggregate demand.
b
You might also like to view...
The lesson of __________ is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options.
A. marginal utility B. sunk costs C. marginal analysis D. budget constraints
During the antebellum period, most international payments were made by
(a) shipping specie. (b) bills of exchange. (c) credit extended by private banks in the U.S. (d) all of the above.
Mondo's Microbrewery is growing rapidly. As a result of achieving larger size, the firm realizes it needs to hire quite a few additional employees and upgrade its brewing and bottling equipment, which increases its average costs. The best explanation for these events is that Mondo's Microbrewery is experiencing ________ returns to scale.
A. constant B. increasing C. decreasing D. first decreasing and then increasing
The demand for a normal good is
A. related to the supply of the good. B. directly related to income. C. unaffected by changes in consumer tastes and preferences. D. unaffected by changes in the prices of complementary goods.