One reason that U.S. exports of commercial services have increased steadily over the past 25 years is that
A) European and Asian nations have shown little interest in developing their own commercial services sectors.
B) the United States has made significant investments in new information technologies.
C) the U.S. government owns and operates most of the economy's service sector.
D) the U.S. economy operates like one big corporation.
Answer: B
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a. True b. False Indicate whether the statement is true or false
The combination of pork barrel spending and logrolling leads to:
A. the quick termination of projects that are wasteful. B. the largest net benefit for society. C. inefficiently large government spending. D. under provision of public goods.
A country's nominal exchange rate, e, is defined as the number of units of:
A. the domestic currency that one unit of the foreign currency will buy. B. the foreign currency that one unit of the domestic currency will buy. C. domestic goods relative to the number of units of foreign goods. D. foreign goods relative to the number of units of domestic goods.