Which of the following objectives is NOT a basis for international trade?
A. To gain from economies of scale.
B. To obtain goods that would be unavailable otherwise.
C. To obtain goods at lower prices than would be possible if they were produced domestically.
D. To increase Treasury reserves of gold bullion.
D. To increase Treasury reserves of gold bullion.
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What is the function of the World Bank?
What will be an ideal response?
During this century, the growth rate of real GDP in the United States has averaged approximately
What will be an ideal response?
A free good is different from a scarce good because it is:
A) not tradable. B) not produced. C) not scarce. D) found only in nature.
During the period 1983-1989, the U.S. economy was
A. contracting. B. in a recession. C. in the trough of the business cycle. D. expanding. E. None of the choices are correct.