What can be concluded about the U.S. balance of trade dating back to 1965?
a. During most years, the United States experienced a trade surplus on goods and services.
b. During most years, the value of goods and services imported exceeded the value of goods and services exported.
c. During most years, the United States experienced a positive value for the balance on goods and services.
d. During most years, the value of goods and services exported exceeded the value of goods and services imported.
b. During most years, the value of goods and services imported exceeded the value of goods and services exported.
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A right-to-work law makes it illegal for
A) employers to refuse to hire union workers. B) union membership to be a requirement for continued employment in any establishment. C) union membership to be denied on the basis of race, gender, or national origin. D) a union to exist in a state.
In 2014, a farmer grows and sells $3 million worth of corn to Big Flakes Cereal Company. Big Flakes Cereal Company produces $8 million worth of cereal in 2014, with sales to households during the year of $7 million. The unsold $1 million worth of cereal remains in Big Flake Cereal Company's inventory at the end of 2014 . The transactions just described contribute how much to GDP for 2014?
a. $3 million b. $7 million c. $8 million d. $11 million