If the United States is a "net lender" abroad, ________. (Assume that the capital account is zero and net transfers are zero.)
A) the United States must be exporting less than it is importing
B) net foreign investment must be negative
C) national saving is greater than domestic investment
D) net capital flows must be positive
C
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In terms of total sales, the dominant form of business firm in the U.S. economy is the
a. corporation b. sole proprietorship c. partnership d. nonprofit organization e. limited partnership corporation
The combined efforts of the Fed and the Treasury in response to the financial crisis following the housing market crash were:
A. effective in restoring aggregate supply to its pre-crisis level, but still left the economy with sluggish aggregate demand. B. ineffective in restoring aggregate supply to its pre-crisis level, and output remained far below potential. C. effective in restoring aggregate supply to its pre-crisis level, but left the economy facing severely increasing inflation. D. ineffective in restoring aggregate supply to its pre-crisis level, but output increased due to increased consumer confidence boosting aggregate demand.
A _________________________ is required when the location of comparable property is either superior or inferior to the location of subject property.
Fill in the blank(s) with the appropriate word(s).
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.