Which of the following products is a leading import of the United States?
A. Grains
B. Aircraft
C. Petroleum
D. Generating equipment
C. Petroleum
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If it turned out that labor supply was relatively elastic then who would bear the greater burden of the payroll tax and why?
What will be an ideal response?
The tax cuts and entitlement program expansions of the 1980s led to such ________ federal deficits in the 1990s that fiscal policy ________ for smoothing-out business cycle fluctuations
A) small, again became the preferred tool B) small, was all but abandoned C) large, again became the preferred tool D) large, was all but abandoned
Unsold goods are part of the nation's capital stock
a. True b. False
If the inflation rate exceeds the nominal rate of interest:
a. the real interest rate is negative. b. All of the answers are correct. c. lenders lose. d. savers lose.