Several houses built in a country during a certain year got damaged due to an earthquake. Which of the following is likely to happen due to this damage?
A) The country's GDP will remain unchanged. B) The trade surplus of the country will increase.
C) The country's GDP will decrease. D) The trade deficit of the country will increase.
A
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If the government spends less than what it receives in taxes during a given interval, then the result is
A) a balanced budget. B) an entitlement. C) unrealized public debt. D) a government budget surplus.
For which of the following products would you expect the index of intra-industry trade to be lowest?
a. golf clubs b. automobiles c. whiskey d. natural gas
Which of the following would most likely be part of the study of microeconomics?
A. how General Motors makes decisions regarding its production goals B. overall price stability in the United States C. the total economic output of our domestic economy D. national income
The budget deficit decreases during economic booms and increases during recessions.
Answer the following statement true (T) or false (F)