The United States finances current account deficits largely with dollars and, as a result, faces almost no constraint on its ability to run deficits
Indicate whether the statement is true or false
TRUE
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Which of the following is not a component of aggregate expenditure?
a. Consumption expenditures b. Investment c. Imports d. Rent e. Government purchases
Refer to the following game.Firm AFirm B??Low PriceHigh Price?Low Price(10,9)(15,8)?High Price(-10,7)(11,11)What are the Nash equilibrium strategies for firm A and firm B, respectively, in a one-shot game?
A. (low price, low price) and (high price, high price) B. (high price, high price) C. (low price, high price) D. (low price, low price)
Table 28.2 Firm AFirm BFirm CFirm DExternal Costs$0$________175$________Private Costs400250175200Social Costs________350$________250For which firm are all costs internalized in Table 28.2?
A. Firm A. B. Firm B. C. Firm C. D. Firm D.
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are S1 and D1. Which of the following can change the equilibrium exchange rate ($/pound) to $2.50 and the equilibrium quantity to 400 pounds?
A. an increase in income in Great Britain B. an increase in the price level in Great Britain C. a sudden dislike of British products in the United States D. a sudden dislike of U.S. products in Great Britain