You buy a new car built in Sweden. Other things the same, your purchase by itself
a. raises both U.S. exports and U.S. net exports.
b. raises U.S. exports and lowers U.S. net exports.
c. raises both U.S. imports and U.S. net exports.
d. raises U.S. imports and lowers U.S. net exports.
d
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Which of the following is consistent with the classical view of Say's law?
A) Saving increases by $2 billion and investment decreases by $2 billion. B) Saving increases by $2 billion and consumption rises by $2 billion. C) Saving increases by $2 billion, consumption decreases by $2 billion, and investment rises by something less than $2 billion. D) Saving decreases by $2 billion and consumption decreases by more than $2 billion. E) none of the above
Economists use the word utility to describe the satisfaction one receives from a good
Indicate whether the statement is true or false