In a given year, the value of U.S. exports and imports ________
A) is equal to the value of U.S. foreign exchange transactions
B) is a relatively large fraction of U.S. foreign exchange transactions
C) is a relatively small fraction of U.S. foreign exchange transactions
D) does not involve a foreign exchange transaction
C
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The primary source of funds for the World Bank is
A) the world's wealthiest countries. B) the New York Stock Exchange. C) private financial markets. D) quota subscriptions.
The U.S. tax system
A) reduces inequality and shifts the Lorenz curve away from the line of equality. B) reduces inequality and shifts the Lorenz curve toward the line of equality. C) increases inequality and shifts the Lorenz curve toward the line of equality. D) increases inequality and shifts the Lorenz curve away from the line of equality.
The sales of shoes that include shoelaces is a tie-in sale that most likely
A) greatly increases the shoe producer's profit. B) increases transactions costs. C) increases efficiency. D) None of the above.
Market price is the same thing as equilibrium price.
Answer the following statement true (T) or false (F)