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Answer to question 17 is option d) higher levels of education...
Answer to question 18 is option d) soybeans...
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Question 17 (1 point) Which of the following results in a higher standard of living? a)...
1-Which of the following are ways GDP can overstate the standard of living? Select the correct...
1-Which of the following are ways GDP can overstate the standard of living? Select the correct answer below: Factors not included in the GDP, such as environmental cleanliness are getting better. The GDP does not capture leisure and new technology, which have improved for Americans. GDP ignores factors such as crime rates and income inequality. GDP does not measure life expectancy and education levels, which have risen. 2-Which of the following statements is correct? Select the correct answer below: A...
Which of the following would result in a trade surplus for the United States? a. Exports...
Which of the following would result in a trade surplus for the United States? a. Exports of goods = $725 billion Imports of goods = $790 billion Exports of services = $350 billion Imports of services = $260 billion b. Exports of goods = $625 billion Imports of goods = $625 billion Exports of services = $300 billion Imports of services = $375 billion c. Exports of goods = $550 billion Imports of goods = $575 billion Exports of services...
1/ Which of the following changes would cause a country to have permanently higher output per...
1/ Which of the following changes would cause a country to have permanently higher output per worker? a. A higher savings rate. b. A higher population growth rate. c. A war that lowers its population by one-half. d. None of the above. 2/ The Harrod-Domar model predicts that investment will lead to permanently higher growth of income per capita. What property does it fail to account for? a. Capital depreciates. b. Production of new capital requires saving and investment today....
Which of the following statements is (are) correct? (x) If the average income of an American...
Which of the following statements is (are) correct? (x) If the average income of an American is higher than the average income of a Canadian, it is most likely because productivity is higher in Canada than in the United States. (y) To improve living standards, policymakers should reduce spending on public education. (z) In general, government policies that lead to an increase in productivity will elevate the average income of the residents of that country A. (x), (y) and (z)...
End of Chapter 1.10 Question Help Which of the following statements is correct if real GDP...
End of Chapter 1.10 Question Help Which of the following statements is correct if real GDP in the United States declined by more during the 2007-2009 recession than did real GDP in Canada, China, and other trading partners of the United States? O A. US. exports fell more than the imports, leading to an increase in net exports O B. U.S. exports fell more than the imports, leading to a fall in net exports. O C. Imports to the United...
Which of the following actions does not constitute being engaged in a U.S. trade or business?...
Which of the following actions does not constitute being engaged in a U.S. trade or business? A) Living temporarily in the U.S. under an F, J, M, or Q visa B) Depositing funds in a U.S. bank account C) Being in a partnership that is engaged in a trade or business in the United States D) Performing services in the United States (with some exceptions)
Question 30 (Mandatory) (1 point) Saved If the rate of inflation is 12 percent per year,...
Question 30 (Mandatory) (1 point) Saved If the rate of inflation is 12 percent per year, the price level will double in about 4.1 years. 5.8 years. 10.2 years. 12.4 years. Question 31 (Mandatory) (1 point) Compared to other industrial nations, inflation rates in the United States are significantly higher significantly lower significantly higher than those in Europe and significantly lower than those in Japan. neither significantly higher nor significantly lower.
6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B)...
6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B) positive when the nation runs a trade surplus. (C) negative when the country is a borrower in the international apital market. (D) positive when the country is a lender in the international capital market. (E) always equal to zero. 7. If the U.S. dollar increases in value relative to the British pound, (A) U.S. wheat will become cheaper in England. (3) British bicycles will...
Which of the following is a provision of NAFTA? A. Common accounting rules B. Adding new...
Which of the following is a provision of NAFTA? A. Common accounting rules B. Adding new countries to the European Union C. Adoption of the dollar as a common currency D. Elimination of tariffs on goods originating within North America E. Membership in the World Trade Organization Criteria that determine whether a good meets NAFTA rules of origin include which one of the following? A. Goods wholly produced or obtained in the NAFTA region B. Goods containing non-originating inputs but...
Which of the following statements is (are) correct? (x) College students often choose to attend college...
Which of the following statements is (are) correct? (x) College students often choose to attend college even though it reduces the present level of income because they believe that future income and job satisfaction will be greater if they successfully earn a higher degree of education. (y) For many community college students, the largest single cost of a college education is the wages given up to attend school. (z) If wages for high school graduates rise, but college tuition does...
End of Chapter 1.10 Question Help Which of the following statements is correct if real GDP in the United States declined by more during the 2007-2009 recession than did real GDP in Canada, China, and other trading partners of the United States? O A. US. exports fell more than the imports, leading to an increase in net exports O B. U.S. exports fell more than the imports, leading to a fall in net exports. O C. Imports to the United...
Question 30 (Mandatory) (1 point) Saved If the rate of inflation is 12 percent per year, the price level will double in about 4.1 years. 5.8 years. 10.2 years. 12.4 years. Question 31 (Mandatory) (1 point) Compared to other industrial nations, inflation rates in the United States are significantly higher significantly lower significantly higher than those in Europe and significantly lower than those in Japan. neither significantly higher nor significantly lower.
6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B) positive when the nation runs a trade surplus. (C) negative when the country is a borrower in the international apital market. (D) positive when the country is a lender in the international capital market. (E) always equal to zero. 7. If the U.S. dollar increases in value relative to the British pound, (A) U.S. wheat will become cheaper in England. (3) British bicycles will...
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