According to the text, which of the following are both imports and exports for the United States?
A. No single product can be both an import and an export for a given country.
B. Cars, computers, and auto parts.
C. Baseballs, computers, and cars.
D. Computers, oil, and auto parts.
Answer: B
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For a "change in the quantity supplied" but not "a change in supply" to occur, there must be a
A) rightward shift of the supply curve. B) rightward shift of the demand curve. C) leftward shift of the demand curve. D) Both answers B and C are correct.
If because they expect the central bank to disinflate, people reduce their inflation expectations, then is the sacrifice ratio larger or smaller the otherwise? Defend your answer by referring to the Phillips curve
Trade barriers are forms of protection that shield some sector of the economy from foreign competition.
Answer the following statement true (T) or false (F)
The 45-degree line splitting the distance between the axes in a Lorenz Curve is the:
a. line of equal share of expenditure. b. line of equivalent income. c. line of income equality. d. line of average income. e. line of absolute inequality.