When the value of our goods exports is less than the value of our goods imports,
A. foreign currency reserves must fall.
B. the value of the dollar must fall.
C. there will be domestic unemployment.
D. there will be an unfavorable balance of trade.
Answer: D
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The largest proportion of the U.S. public debt is held by
A. the Federal Reserve System. B. the U.S. public (individuals, businesses, financial institutions, and government). C. U.S. government agencies. D. foreign individuals and institutions.
Which point or points on the above figure illustrate a short-run equilibrium?
A) Point A B) Point C C) Point B D) Points A and C
Explain how the nominal wage rate is converted into the real wage rate. Explain why this process of conversion changes the nominal wage rate into the real wage rate
What will be an ideal response?
According to your textbook, pollution is a major social and political concern because
A) it is inefficient. B) it is always immoral. C) people disagree about rights, which are extremely difficult to resolve. D) the environment is on the verge of ecological catastrophe.