Which of the following statements is true of the U.S.?
A) There is more value in trade between states in the U.S. than its international trade.
B) The U.S. has always been a net exporter of goods and services.
C) The U.S. exports more crude oil than it imports.
D) The level of imports of the U.S. has dramatically decreased since 1960.
A
You might also like to view...
Monopolistic competition is efficient when compared to
A) perfect competition. B) complete product uniformity. C) the short run. D) the long run. E) None of the above answers is correct.
How should a natural monopoly be regulated under the social interest theory of regulation?
A) by setting price equal to the average cost of production B) by allowing a price that maximizes the profit of the natural monopoly C) by using a marginal cost pricing rule D) by subsidizing other producers to compete with the monopoly E) by using rate of return regulation
If the output gap is constant at minus 2 and the inflation rate has fallen from 6 percent to 5 percent, then next period's short-run aggregate supply curve might be ________
A) ? = 5 - 0.5 (13 - 15) B) ? = 5 + 0.5 (13 - 15) C) ? = 4 + 0.5 (13 - 15) D) ? = 5 + 2 (11 - 15) E) none of the above
In order to calculate the real interest rate, simply:
A. add the rate of inflation to the nominal interest rate. B. subtract the rate of inflation from the nominal interest rate. C. subtract the nominal interest rate from the rate of inflation. D. divide the nominal interest earned by the rate of inflation.