Which of the following statements is true?
A) Most of the leading exporting countries are large, high-income countries.
B) All sectors of the U.S. economy are affected equally by international trade.
C) Each year China exports about 50 percent of its wheat crop and 40 percent of its rice crop.
D) Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs.
A
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Equal increases in government purchases and in net taxes have equal but opposite effects on the level of real GDP demanded
a. True b. False Indicate whether the statement is true or false
Voters will gather information on voting alternatives: a. when the cost of acquiring such information is exorbitantly high
b. as long as the marginal benefit to them of acquiring additional information exceeds the marginal cost to them. c. as long as the marginal benefit to them of the information is less than the marginal cost to them of gathering the information. d. because the welfare of the community is always perceived to be more important than the welfare of the individual.