Which of the following statements is false?
A) Imports and exports account for over one-half of the GDP of the Netherlands.
B) China is the leading exporting country, accounting for 10.3 percent of total world exports.
C) Because the cost of labor used on farms is so high, the United States exports very little of its wheat, rice, and corn crops.
D) Japan is less dependent on foreign trade than is the United States.
C
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What new authority did the ECB receive in 2012?
A) the authority to oversee the banking systems of all member countries B) the ability to set different interest rates in different member countries C) the ability to require that member nations balance their budget D) permission to monetize the debt of member countries
When it comes to active policy making most economists agree that
A) active policy making should be used over passive policy making. B) it is unlikely that active policy making will have any long term effects on the economy. C) it is likely that active policy making will have long term effects on the economy. D) it will lead to long term shocks in the system.
In the debate over passing a bill providing a minimum guaranteed price for corn, a congressman argued, “Minimum guaranteed prices always cause a disruption of the natural equilibrium of a market, ultimately costing taxpayers money.” Evaluate this
statement. Please provide the best answer for the statement.
Annie, a high school student, babysits to earn extra cash. In order to differentiate herself from other babysitters, Annie took a babysitting course from the Red Cross. This is an example of a market signal.
Answer the following statement true (T) or false (F)