Which of the following is an example of imports?
a. Sugar bought from a retail shop
b. Steel bars sold to other countries
c. Clothes bought from another country
d. Apples bought from a farmer
c
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Both ________ and ________ are Federal Reserve assets
A) currency in circulation; reserves B) currency in circulation; securities C) securities; loans to financial institutions D) securities; reserves
Securities dealers reduce the uncertainty associated with mortgage debt cash flows through the development of
A) convertible mortgages. B) callable mortgages. C) collateralized mortgage obligations. D) tax-exempt commercial paper.
Which of the following is a macroeconomic question? a. What is a firm's profit-maximizing level of output? b. How will economic growth affect unemployment? c. How will a consumer maximize his utility?
d. How will a monopolist maximize his profit?
Which of the following is true of exchange?
A) Exchange permits trading partners to expand their total output of goods and services as the result of greater specialization in areas where each has a comparative advantage. B) The total output that trading partners are able to produce is not influenced by whether they trade with each other. C) Exchange is a zero sum activity; if one party gains, the other must lose an equal amount. D) The exchange value of a good is determined by the cost of the resources required to pr