If total imports exceed total exports, other things being constant, then
A. net exports are negative.
B. net exports are positive.
C. GDP rises.
D. investment rises.
A. net exports are negative.
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Any bank reserves over and above the level of required reserves are known as
a. federal funds. b. discounted reserves. c. excess reserves. d. surplus reserves.
The figure below shows the production-possibility curves of Canada (AB) and the rest of the world (CD). The international price ratio faced by the countries is represented by the line P2. I1 and I2 are community indifference curves for Canada and the rest of the world. After engaging in free trade, Canada consumes ________ bales of cotton and ________ bushels of wheat.
A. twelve; eleven B. twenty; eleven C. sixteen; six D. three; twenty
a schedule or a curve that shows the total quantity of output (real GDP) demanded at alternative price levels in a given period, ceteris paribus
What will be an ideal response?
When the price of a product increases, there is Question 29 options:
A. a downward movement along the demand curve. B. a rightward shift of the demand curve. C. an upward movement along the demand curve. D. a leftward shift of the demand curve.