The estimated value of all financial assets held by U.S. households and nonprofit organizations in 2012 was about:
A. $5.3 trillion.
B. $15.7 trillion.
C. $45 trillion.
D. $54 trillion.
D. $54 trillion.
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Refer to Figure 9-5. With the tariff in place, the United States
A) imports 20 million pounds of coffee. B) exports 38 million pounds of coffee. C) imports 18 million pounds of coffee. D) imports 12 million pounds of coffee.
A country that typically runs a trade surplus is:
A. the United States. B. China. C. France. D. Canada.
List three different ways that a risk-averse person can reduce financial risk
If prices are "sticky" in the short run, then
A. The economy will respond to demand shocks primarily through changes in output and employment B. The economy will respond to demand shocks primarily through changes in prices and inflation C. Prices will adjust to equalize the quantities demanded and supplied of goods and services D. Unemployment will not change in response to a demand shock