The United States usually exports ________ goods than it imports and exports ________ services than it imports
A) fewer; more B) more; fewer C) fewer; fewer D) more; more
A
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Central banks sometimes attempt quantitative easing when
A) money growth is too high. B) inflation is too high. C) there is a liquidity trap. D) inflation is too low.
Automated production methods are only attractive when they
a. replace workers. b. lower wages. c. decrease per-unit costs of production. d. reduce labor productivity.
An increase in income in an open economy nation will cause a change in consumer spending on home production, and a(n):
a. increase in taxes. b. decrease in savings. c. increase in foreign production. d. increase in imports if MPCF (marginal propensity to consume foreign goods) is greater than zero.
Most economists agree that the? above-market wage paid in unionized industries significantly increases the unemployment rate in the United States.
a. true b. false