The U.S. both imports and exports significant quantities of
A. services.
B. industrial equipment and services.
C. coffee.
D. industrial equipment.
Answer: B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________,
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
The central role of ________ in a market economy is bringing together savers and borrowers
A) sole proprietors B) financial intermediaries C) stock exchanges D) corporations
Refer to Figure 11-6. In the figure above which letter represents the average variable cost curve?
A) A B) B C) C D) D
Which of the following items is not a component of the expenditure approach to measuring U.S. GDP?
A) purchases of food made by families B) Social Security payments made by the government C) purchases of U.S.-made movies by Europeans D) purchases of new homes made by families