In the U.S. over the last 50 years:
A. imports have grown and exports have fallen.
B. both imports and exports have grown dramatically.
C. both imports and exports have fallen dramatically.
D. the percent of GDP that represents imports and exports has remained fairly steady.
B. both imports and exports have grown dramatically.
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The economic way of thinking suggests competition and cooperation are
A) incompatible. B) mutually destructive. C) present in any society. D) only present in a capitalist market economy.
The Congressional Budget Office estimates that the additional taxes and fees enacted under the ACA will not even cover half of the true cost of the ACA
Indicate whether the statement is true or false
Lowering the interest rate will
A) increase investment projects by firms. B) decrease the value of the dollar and lower net exports. C) decrease spending on consumer durables. D) decrease spending on new homes.
When the Glass-Steagall Act was repealed in 1999, potential conflicts of interest arose with
A) the development of universal banking. B) the introduction of more credit-rating agencies. C) accounting firms developing more comprehensive services. D) investment analysis in investment banking.