According to this Application, from the early 1990s until quite recently, the U.S. economy grew. This growth in the U.S economy

A) decreased foreign investment in the U.S. B) decreased imports to the United States.
C) caused the level of U.S. exports to decline. D) increased the U.S. demand for foreign products.

D

Economics

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Monopolistic competition and perfect competition differ because

A) only monopolistically competitive firms will set MR = MC. B) only perfectly competitive firms will set MR = MC. C) only monopolistic competition allows for entry of other firms in the long run. D) only competitive firms take the price as given.

Economics

If real GDP in Sweden was SEK 822 billion at the end of 1993 and SEK 950 billion at the end of 1994, we can say that the Swedish economy grew at an annual rate of 7% in 1994

a. True b. False Indicate whether the statement is true or false

Economics