All of the following would add to the demand for U.S. dollars except:
A. Long-term capital inflows
B. Foreign travel by United States citizens
C. Exports of commodities from the United States
D. Travel by foreigners on United States airlines
B. Foreign travel by United States citizens
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In the circular flow model, there are two types of markets: the ________ market and the ________ market
A) goods; factor B) supply; demand C) households; firms D) producers; consumers E) service; goods
In the steady state of the Solow growth model
A) consumption equals depreciation. B) per capita variables grow at the rate of population growth. C) aggregate consumption grows at a constant rate. D) aggregate output is constant.
A federal government deficit is said to exist in the event that ________
A) federal outlays are less than federal revenues B) federal outlays are equal to federal revenues C) federal outlays are greater than federal revenues D) any of the above conditions exists
First-come, first-serve allocation schemes promote efficiency
Indicate whether the statement is true or false