Goods and services produced in the United States and sold in other countries are called
A) consumption goods and services.
B) capital goods.
C) government goods and services.
D) export goods and services.
E) import goods and services.
D
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Government saving is equal to
A) net taxes. B) net taxes minus government expenditures. C) net taxes plus government expenditures. D) private savings minus government expenditures. E) the quantity of investment demanded.
For a monopoly, the socially efficient level of output occurs where
a. marginal revenue equals marginal cost. b. average revenue equals marginal cost. c. marginal revenue equals average total cost. d. average revenue equals average total cost.
Suppose the U.S. economy is going into a recession. Considering the effect of monetary policy on trade through its impact on income only, the domestic problem calls for:
A. contractionary monetary policy, which will decrease the U.S. trade deficit. B. expansionary monetary policy, which will increase the U.S. trade deficit. C. expansionary monetary policy, which will decrease the U.S. trade deficit. D. contractionary monetary policy, which will increase the U.S. trade deficit.
An increase in government spending that is NOT financed by an increase in taxes will cause which of the following?
A. an increase in interest rates and a reduction in planned investment B. an increase in interest rates and an increase in planned investment C. a reduction in interest rates and an increase in planned investment D. a reduction in interest rates and a reduction in planned investment