Refer to the following graph.
The maximum amount of good B can be consumed in this economy with international trade is
A. Q units.
B. F units.
C. P units.
D. G units.
Answer: B
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A key reason why some nations show little or no growth is
A) overpopulation that overuses limited resources. B) too much private property not directed by the government. C) too much international trade so that all economic growth spills over to foreigners. D) patents in rich nations that keep technology only for the rich. E) lack of incentives to undertake actions toward growth.
The amount of loans that a bank can create is limited by
A) a law enacted by Congress. B) the bank's excess reserves. C) a directive from the Federal Reserve System, which takes into account the bank's financial stability. D) the real interest rate. E) the bank's government securities.
A decrease in real GDP would affect the U.S. economy by:
A. cutting tax revenues and raising government expenditures. B. cutting government expenditures and raising tax revenues. C. raising both tax revenues and government expenditures. D. cutting both government expenditures and tax revenues.
The trend of the inventory/sales ratio over time indicates that
A. firms continually have less control over managing their inventory stocks. B. firms are becoming less efficient in their management of inventory stocks. C. firms are becoming more efficient in their management of inventory stocks. D. the efficiency of firms in their management of inventory stocks has changed very little.