If the value of net exports is positive, then
A. exports equal imports.
B. exports exceed imports.
C. imports exceed exports.
D. imports are zero.
Answer: B
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Undetected counterfeit currency which is spent and circulated in the marketplace is an example of the counterfeit currency being used as a A) medium of exchange. B) store of value. C) commodity money. D) bank reserve.
The Troubled Asset Relief Program ________
A) led to the creation of the Federal Reserve System B) helped contribute to the stock market crash of 2006-2007 C) shifted non-performing assets off the balance sheet of the Federal Deposit Insurance Corporation onto the balance sheet of Fannie Mae and Freddie Mac D) authorized the Treasury to by mortgages from troubled financial institutions
If Europe and Japan experience rapid growth in their incomes, other things constant, this will cause
a. a decrease in the exports of the United States. b. an increase in the exports of the United States. c. a decrease in the national income of the United States. d. a decrease in aggregate demand in the United States.
Country A had a population of 2,000, of whom 1,300 worked an average of 8 hours a day and had a productivity of 5 . Country B had a population of 2,500, of whom 1,700 worked 8 hours a day and had productivity of 4 . Country
a. A had the higher level of real GDP and real GDP per person. b. A had the higher level of real GDP and Country B had the higher level of real GDP per person c. B had the higher level of real GDP and Country A had the higher level of real GDP per person d. B had the higher level of real GDP and real GDP per person.