On average in the United States, gift-giving during the Christmas holiday:
A. wastes about $20 billion.
B. wastes about $100 billion.
C. wastes about $40 billion.
D. wastes about $50 billion.
Ans: A. wastes about $20 billion.
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In the United States, the ________ has the official responsibility for foreign exchange intervention
A) State Department B) International Trade Commission C) Department of Commerce D) Treasury Department
Jordan recently quit her job as a marketing consultant in Washington, D.C. and is looking for a better-paying job with an advertising agency in New York. Jordan is considered to be
A) cyclically unemployed. B) structurally unemployed. C) not in the labor force. D) frictionally unemployed. E) a discouraged worker.
The fundamental force that generates international trade is
A) the need for more goods and services. B) absolute advantage. C) the sea rule. D) comparative advantage. E) the existence of tariffs.
In a liquidity trap, expansionary monetary policy has __________ effect on output, and expansionary fiscal policy has __________ effect on output
A) no; no B) no; a strong C) a strong; no D) a strong; strong