Countries that typically run a trade surplus are:
A. China, Germany and the US.
B. China, Japan, and the US.
C. China, Germany, and Japan.
D. Japan, Germany and the US
Answer: C
Economics
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Government price setting _____
a. prevents firms from lowering their prices b. creates barriers to entry c. helps enforce collusion among industry members d. all of the above
Economics
When interest rates fall, people are
a. More likely to borrow b. Less likely to borrow c. Not likely to change borrowing patterns d. None of the above
Economics
The aggregate demand is described graphically as a. sloping downward. b. a vertical line
c. a horizontal line. d. sloping upward.
Economics
The convergence hypothesis states that international differences in real GDP per capita tend to _____ over time.
A. diverge B. fluctuate C. remain constant D. narrow
Economics