It is ____ that in international trade, when one country gains, another loses; it is ___ that to assure prosperity for its citizens, a nation should do all it can to promote exports and keep out imports.
A. true; true
B. false; false
C. false; true
D. true; false
B. false; false
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What types of goods have downward-sloping Engel curves?
a. Normal goods only. b. Inferior goods only. c. Giffen goods only. d. All types of goods.
If planned aggregate expenditure is less than real GDP, some firms will experience unplanned increases in inventories
Indicate whether the statement is true or false
The leading federal regulatory body for financial markets in the United States is the
A) Federal Bureau of Investigation. B) Securities and Exchange Commission. C) Federal Financial Market Bureau. D) Investors Protection Agency.
In order to finance the U.S. current account deficit, we must
A. increase the income tax rate. B. increase government spending. C. run a surplus in the capital account. D. decrease the income tax rate.