Goods and services that the United States buys from other nations are called
A) exports.
B) imports.
C) bartered goods.
D) exchanges.
E) world goods.
B
You might also like to view...
If people prefer to consume goods now rather than in the future, how does anyone save money?
Per capita GDP is
a. real GDP divided by the GDP deflator b. a measure of income per person c. a measure of resources available to each person d. an indicator of the overall production of a government
Refer to the accompanying figure. When P = 4, the price elasticity of demand for the demand curve D1 is ________ and D2 is ________.
A. 1/3; 3 B. 3; 3 C. 1/3; 2/3 D. 2/3; 1/3
In the middle of a severe recession, Congress passes an increase in the level of unemployment benefits. This would be considered by economists as a
A. positive tax. B. negative tax. C. form of government purchases. D. variable tax.