As a percentage of GDP, U.S. imports have been ________ and U.S. imports have been ________ since 1950
A) growing; declining
B) declining; growing
C) growing; growing
D) declining; declining
C
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The demand curve for euros shows
a. a direct relationship between the dollar price of a euro and the quantity of euros demanded b. an inverse relation between the dollar price of a euro and the quantity of euros demanded c. that the higher the dollar price of a euro, the greater the quantity demanded d. that the more expensive it is to buy euros, the larger the quantity of European goods demanded by Americans e. that the dollar price of the euro is being held fixed by the European Union
In the early 2000s, laws requiring banks and mortgage brokers to disclose the terms of home loans:
A. prevented Americans from entering into mortgage contracts that they did not understand. B. were an example of how the government can act to solve the moral hazard problem. C. were so numerous and detailed that borrowers didn't read or understand the information the companies had disclosed. D. reduced statistical discrimination in the home mortgage market.