Government controls over market prices frequently “backfire.”
Answer the following statement true (T) or false (F)
True
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Which of the following reasons offered for why crime fell in the 1990s does the Brennan Center suggest had no impact?
A. Longer effective sentences B. Higher rates of incarceration C. The increase in the number of police D. The increased use of gun buyback programs
If a certain automotive part can be purchased in Mexico for 32 pesos or in the United States for $5.25, and if the nominal exchange rate is 8 pesos per U.S. dollar, then the automotive part:
A. is more expensive in the United States. B. costs the same in Mexico and the United States. C. is more expensive in Mexico. D. is less expensive in the United States.
Deflation is a decline in the price level.
Answer the following statement true (T) or false (F)
A country has imports of goods and services at $2,000 billion. The interest paid to the rest of the world is $500 billion. The interest received from the rest of the world is $400 billion. The decrease in official reserves is $10 billion
The government sector balance is $200 billion, savings is $1,800 billion, investment is $2,000 billion, and net transfers is zero. What are net exports? A) $0 B) -$100 billion C) -$200 billion D) $100 billion E) $200 billion