Intertemporal trade is
A) the exchange of goods but not services for claims to future goods.
B) the exchange of services but not goods for claims to future services.
C) the exchange of good and services for claims to future goods and services.
D) the exchange of domestic goods and services for foreign goods and services.
E) the type of trade that the U.S. government focuses most upon.
C
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Why do governments in less-developed nations impose tariffs?
A) The nation's total income will be increased. B) The government gains revenue from the tariff. C) The government diversifies its economy. D) The national security of the country definitely is improved. E) The government's low-paid workers are protected from high-paid foreign workers.
Elimination of the corporate income tax would ________ government saving and probably ________ private business saving
A) increase, increase B) increase, decrease C) decrease, increase D) decrease, decrease
In 2011, the per-capita GDP in the United States, in 2005 dollars, was about
A) $17,500. B) $27,500. C) $43,000. D) $47,500.
Scott used $4,000,00 . from his savings account that paid an annual interest of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000 . An Economist calculated his profit to be:
a. $300,000 b. $100,000 c. -$100,000 d. -$200,000