The expenditure approach to GDP is calculated by adding up all earnings from resources used to produce output in the nation during the year
Indicate whether the statement is true or false
false
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The prisoner's dilemma is a game in which: a. the gains from pursuing self-interest are greater than the gains from cooperation
b. the gains from cooperation are greater than the gains from pursuing self-interest. c. the gains from pursuing self-interest are greater for a smaller firm than for a larger firm. d. the gains from pursuing self-interest are greater for a larger firm than for a smaller firm.
Which of the following is correct?
a. An increase in the tariff on foreign-produced automobiles will benefit U.S. consumers of domestic cars. b. An ongoing result of the North American Free Trade Agreement is that producers in both countries will benefit at the expense of consumers. c. The wages of U.S. workers would sharply decline if we traded freely with low-wage countries like India and China. d. Exports provide a nation with its primary source of purchasing power used to buy imported goods.
If GDP is $9,000 billion and the money supply is $1,800 billion, velocity is approximately
A) 0.20. B) 6.00. C) 4.15. D) 5.00. E) There is not enough information provided to answer this question.
The exchange rate that equates the quantities of currency supplied and demanded in the foreign exchange market is called the ________ exchange rate.
A. market equilibrium value of the B. real value of the C. target value of the D. fixed value of the