While the world was fairly integrated at the turn of the last century, most trade was in agricultural and raw materials, whereas today manufactured consumer and producer goods play a much greater role in determining exports and imports
Indicate whether the statement is true or false
TRUE
Economics
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Since 1998, the U.S. federal government has continuously run a budget surplus
Indicate whether the statement is true or false
Economics
If $1 is worth .8 Canadian dollars, then 1 Canadian dollar is worth:
A. $1.25. B. $1.80. C. $0.20. D. $0.80.
Economics
When a local grocery store offers discount coupons in the Sunday paper it is most likely trying to
a. reduce prices for all customers. b. encourage literacy. c. encourage arbitrage. d. price discriminate.
Economics
Real income:
A. Is income adjusted for unemployment. B. Is income without any adjustment. C. Reflects the purchasing power of money. D. Reflects the stability of the labor force.
Economics