An increase in economic growth at home will increase imports to the United States.
Answer the following statement true (T) or false (F)
True
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A detail from the text: OPEC is an acronym for the world's most famous cartel. The acronym stands for
a. Oil and Petroleum Export Cartel b. Organization of Producers of Exported Crude c. Organization of Production and Exchange Countries d. Organization of Petroleum Exporting Countries e. Oil and Petroleum Extraction Countries
When the rate of interest (or price of capital) increases, the
a. quantity demanded of loanable funds by the firm will decrease b. quantity demanded of loanable funds by the firm will increase c. firm's MRP of capital increases d. firm's MPP of capital increases e. firm's MRP of capital decreases
According to 2014 data on the U.S. population, which of the following was correct for the adult population of prime working age, ages 25-54?
a. Black females had higher labor-force participation rates and lower unemployment rates compared to white females. b. Black females had similar labor-force participation rates and higher unemployment rates compared to white females. c. Black females had both lower labor-force participation rates and lower unemployment rates compared to white females. d. Black females had lower labor-force participation rates and higher unemployment rates compared to white females.
Countries typically establish export restrictions to encourage the development of substitute products.
a. true b. false