According to the text, which of the following does the United States export?
A. Cars, cigarettes, corn, and farm equipment, but not education.
B. Cars, cigarettes, corn, farm equipment, and services.
C. Lumber but not farm equipment.
D. Cars and cigarettes but not corn.
Answer: B
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The 2001 and 2003 tax cuts of the George W. Bush administration each had provisions to
A. phase out the estate tax. B. lower the earned income tax credit. C. raise tax rates at the lower end. D. raise tax rates at the upper end.
The larger the mpc, the ________ the income-expenditure multiplier and the ________ the effect of a change in spending on short-run equilibrium output.
A. smaller; larger B. larger; smaller C. larger; larger D. smaller; smaller
Refer to the figure below. 
In the figure, a business cycle trough is shown by which point(s)?
A. D only B. B and D C. A and C and E D. A only
The manager of Steel Works learns of a new technological interdependency between the first stage and the intermediate stage of production. If Steel Works currently contracts with another firm for the intermediate stage of production, which of the following is true?
A) The manager has less of an incentive to integrate forward. B) The manager has less of an incentive to integrate backward. C) The manager has more of an incentive to integrate backward. D) The manager has more of an incentive to integrate forward.