If inflation in the US is higher than inflation in other countries, what will be the effect on net exports for the US
What will be an ideal response?
net exports will decrease as US exports decrease
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Today, the average U.S. tariff is 4.6 percent of the value of imported goods, which is very low by historical standards
Indicate whether the statement is true or false
The marginal benefit of a taco is measured by
A) the price of the taco. B) the amount of another good a person is willing to give up to get one more taco. C) the amount of another good a person must give up to get one more taco. D) a point on the PPF. E) the opportunity cost of producing another taco.
The national defense of the United States is not excludable because
a. my enjoyment of the national defense does not diminish your enjoyment of the national defense of the United States. b. my enjoyment of the national defense does diminish your enjoyment of the national defense of the United States. c. once the nation is defended, it is impossible to prevent any single person from enjoying the benefit of this defense. d. once the nation is defended, it is possible to prevent any single person from enjoying the benefit of this defense.
A capital outflow occurs when:
A. money saved in another country finances domestic investment. B. there is a positive difference between capital inflows and capital outflows of a country. C. there is a negative difference between capital inflows and capital outflows for a country. D. money saved domestically is invested in another country.