In terms of absolute dollar volume, the world's leading export nations are:

A. Germany, the United States, and China.
B. the United States, Japan, and Canada.
C. Japan, China, and the United Kingdom.
D. Japan, the United States, and France.


A. Germany, the United States, and China.

Economics

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One of the defining characteristics of a perfectly competitive market is what type of product ?

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Which of the following is an implication of deflation:

(a) Savings are discouraged; (b) Exports are more expensive; (c) Reduction in business revenue; (d) Excessive wage demands.

Economics

Which of the following is a driving force underlying economic growth?

What will be an ideal response?

Economics

In a socialistic system, most economic decisions are made by:

A. firms. B. consumers. C. stockholders. D. government planners.

Economics