The term "import" refers to:
a. a purchase of goods or services from another country.
b. a business transaction between two or more domestic firms.
c. a sale of goods or services to another nation.
d. a tax on foreign merchandise.
e. a trade agreement between two industrial countries.
a
You might also like to view...
Which of the following is directly included in the U.S. GDP for 2013?
i. a 2013 Cadillac Escalade produced and sold as a new car in the United States in 2031 ii. tires produced in the United States, purchased by General Motors, and installed on a new Cadillac Escalade sold in 2013 iii. General Motors cars produced in Canada because General Motors is an American corporation A) i and iii B) i only C) i, ii, and iii D) ii and iii E) ii only
When national income increases from $300 billion to $400 billion, national consumption increases from $300 billion to $360 billion. At Y = $400 billion, the MPC is
a. 0.2 b. 0.5 c. 0.6 d. 0.67 e. 1.33
The upward slope of the short-run aggregate supply curve is based on the assumption that:
A. nominal wages are greater than real wages. B. nominal wages are less than real wages. C. nominal wages and other resource costs do respond to price level changes. D. nominal wages and other resource costs do not respond to price level changes.
Policies designed to affect the quantity of money are
A. supply side or growth policies. B. government spending policies. C. fiscal policies. D. monetary policies.