What type of international economic linkage would be illustrated by the export of a Boeing aircraft to Saudi Arabia?
A. Trade flow
B. Resource flow
C. Financial flow
D. Information flow
A. Trade flow
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Refer to the figure above. With the tariff, the quantity of imports falls to
A) 10,000 units. B) 12,000 units. C) 14,000 units. D) 22,000 units.
In order for something to be used as money, it must be _____
a. issued by the government b. issued by banks c. declared to be money d. generally acceptable e. made of something valuable
Which statement is false?
A. If net exports were not included in GDP, that figure would be higher. B. Between the early 1990s and 2007 our trade deficit increased substantially. C. During the last ten years, our trade balance in services was negative. D. After the 1970s, our trade balance has been negative.
How is economic growth shown by the production possibilities curve?
A. by moving the curve to the left B. by changing the shape of the curve from a straight line to one that is bowed C. by moving up the existing curve D. by shifting the curve to the right