If U.S. consumption falls short of U.S. production, the U.S. imports the difference
a. True
b. False
B
You might also like to view...
Suppose you order a slice of pepperoni pizza and a soda at a shopping mall food court. What are examples of the opportunity costs of this decision?
What will be an ideal response?
The European Union (EU) comprises a group of European nations that have:
A. abolished tariffs among one another and established a system of common tariffs with respect to nonmember nations. B. fully integrated their economies by establishing a central bank, a common currency, and a coordinated set of governmental budgetary policies. C. agreed to trade only among one another. D. eliminated all tariffs and trade barriers with nonmember nations.
Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in taxes and spending that occur passively over the business cycle are called ________
A) discretionary fiscal policy; automatic stabilizers B) automatic stabilizers; monetary policy C) discretionary fiscal policy; conscious fiscal policy D) automatic stabilizers; discretionary fiscal policy
The United States recycles a greater portion of its garbage than Japan does
a. True b. False