A Swiss company sells chocolates to a retailer in the United States. These sales by themselves
a. decrease U.S. net export and Swiss net exports.
b. decrease U.S. net exports and increase Swiss net exports.
c. increase U.S. and Swiss net exports.
d. increase U.S. net exports and decrease Swiss net exports.
b
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A market system solves the
A. “what” and “how” decisions but not the “to whom.” B. “what” and “to whom” decisions but not the “how.” C. “how” and “to whom” decisions but not the “what.” D. “what,” “how,” and “to whom” decisions.
Other things remaining the same, if the expected future exchange rate rises, the demand curve for U.S. dollars shifts ________ and the supply curve of U.S. dollars shifts ________
A) rightward; rightward B) rightward; leftward C) leftward; rightward D) leftward; leftward
Which of the following is not another way of describing the marginal propensity to consume?
a. MPC b. The slope of the consumption function c. The change in real consumption spending divided by the change in real disposable income d. The amount by which real consumption spending rises when real disposable income increases by one dollar e. Autonomous consumption spending
When governments grant patents:
A) producers earn profits that are substantially higher than would occur in a competitive market. B) consumers pay a higher price than they would in a competitive market. C) consumers are likely to pay lower prices than they would in a competitive market. D) Both A and B are correct.