As the U.S. price level increases, other things equal, U.S. products become
What will be an ideal response?
more expensive abroad, which decreases U.S. exports
Economics
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Low standards reduce production costs and change a nation's comparative advantage
Indicate whether the statement is true or false
Economics
Income has risen in the simple Keynesian model. This could be the result of:,
a. an equal increase in government spending and taxes. b. an increase in unplanned investment. c. an increase in taxes d. a decrease in autonomous consumption. e. none of the above
Economics
The official dividing line between the poor and nonpoor is called the
a. life threshold. b. life edge. c. poverty line. d. beginning line.
Economics
National defense and knowledge are generally considered to be
a. private goods. b. public goods. c. proprietary goods. d. societal goods.
Economics