The main reason for our balance of payments deficits has been
A. military spending abroad.
B. spending by U.S. tourists abroad.
C. our negative balance of trade.
D. None of these choices are correct.
C. our negative balance of trade.
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For a perfectly competitive corn grower in Nebraska, the marginal revenue curve is
A) downward sloping. B) the same as its demand curve. C) upward sloping. D) U-shaped. E) vertical at the profit maximizing quantity of production.
What is a patent?
What will be an ideal response?
A measure of seignorage, in real terms, is ________
A) ? × B) ?B + ?M C) r × D) Y - T - C
If strong monetary policy stimulus is used to combat a recessionary gap, what will happen?
a. a rapid movement toward lower unemployment and higher inflation b. a rapid movement toward lower unemployment and lower inflation c. a slow movement toward lower unemployment and higher inflation d. a slow movement toward lower unemployment and lower inflation