In 2015, the volume of U.S. imports from China were
A. larger than the volume of U.S. imports from Europe.
B. larger than the volume of U.S. imports from Mexico.
C. larger than the volume of U.S. imports from Canada and Mexico combined.
D. none of the options are correct.
Answer: B
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Which of the following is a characteristic of a firm in a perfectly competitive market?
A) The firm must lower its price in order to increase quantity demanded. B) The firm cannot make a profit in the short run because it is too small a part of the total market. C) The firm can make a profit in the long run but not in the short run. D) The firm can sell as much as it wants without having to lower its price.
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to real GDP and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. Real GDP rises, and nominal value of the domestic currency rises. c. Real GDP rises, and nominal value of the domestic currency falls. d. Real GDP falls, and nominal value of the domestic currency rises. e. Real GDP rises, and nominal value of the domestic currency remains the same.
In 2009, the gap between foreign assets in the United States and U.S. assets abroad was
A. $3 trillion. B. $2.5 trillion. C. $4 trillion. D. $6.5 trillion.
An electricity company has the opportunity to use natural gas to generate electricity at a cost of $30 per unit in 2 years. The current market rate is 4 percent. The present value of this cost is about:
A. $28 B. $29 C. $30 D. $32