For a closed economy with no government, we know that at every level of GDP actual investment equals
A) the difference between planned investment and actual saving.
B) the difference between planned saving and actual saving.
C) planned investment.
D) planned saving.
D
Economics
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The quantity of money decreases if
A) banks loan all excess reserves. B) the Treasury Department issues fewer government securities. C) the desired reserve ratio decreases. D) the Fed buys U.S. government securities. E) the currency drain ratio increases.
Economics
International Trade in Goods
The Chapter focuses on specialization and trade. Use the internet to examine international trade across countries. Examine the Economic Report of the President. Click on the table for U.S. international trade in goods by area. Use the data in this table to create a bar graph showing trade between the United States and Canada, Japan, and Western Europe. Use one bar each to represent exports from the U.S. to each of the other countries and another bar for each import from the other countries to the U.S.
Use this graph to answer the following.
- Which country or region sells the most to the U.S.?
- Which country or region purchases the most from the U.S.?
- Why would industrial nations trade with each other? wouldn't they all have the same ability to specialize in hi-tech and high-skilled industries?
Economics