The United States switched from being a ________ to being a ________ in the early 1980s, when it started to run large current account ________
A) net lender; net borrower; deficits
B) net borrower; net lender; deficits
C) net borrower; net lender; surpluses
D) debtor nation; creditor nation; deficits
E) net lender; net borrower; surpluses
A
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How much money would be loaned out if there was no usury law?
The best measure of the economic cost of doing your homework is
A. The economic cost plus the accounting cost of doing the homework. B. The tuition paid for your education plus the cost of any required textbooks. C. The amount you would have to pay to get someone else to do it. D. The most valuable opportunity you give up when you do your homework.
Contractionary fiscal policy will most likely
A. raise inflation. B. raise real GDP more than the increase in the price level. C. lower the price level. D. raise real GDP.
If the Herfindahl index for automobiles take foreign competition into account, the Herfindahl index for the U.S. automobile industry would be significantly higher
a. True b. False Indicate whether the statement is true or false