In 2015, U.S. net exports were
a. positive and about 3 percent the size of GDP.
b. positive and about 6 percent the size of GDP.
c. negative and about 3 percent the size of GDP.
d. negative and about 6 percent the size of GDP.
c
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An increase in the prices of ________ goods is unlikely to put downward pressure on a currency's nominal exchange rate
A) parity B) nontradable C) identical D) relative
At what price would there be an excess supply of 200 units of the good?
Figure 4-15
Refer to Figure 4-15. At what price would there be an excess supply of 200 units of the good?
Group of answer choices
A. $15
B. $20
C. $35
D. $30
One concern is that while _________________ may be benefiting high-skilled, high-wage workers in the United States, it may also impose costs on low-skilled, low-wage workers.
a. international trade b. blocking trade c. economic decline d. limiting trade
According to Table 2.1, which presents hypothetical data on price elasticity of demand, which good's demand is most sensitive to changes in price?
A. Car Repair
B. Bread
C. Electricity
D. Lamb