The type of goods being imported has changed from primarily low-tech goods to agricultural goods.
Answer the following statement true (T) or false (F)
False
Refer to the section in the chapter titled "The Changing Nature of Trade." The type of goods being imported has changed from raw commodities to high-tech goods.
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If the Fed is concerned about inflation, its actions ________ long-term interest rates so that investment ________ and net exports ________
A) lower; increases; decrease B) raise; decreases; decrease C) lower; increases; increase D) raise; increases; increase E) lower; decreases; decrease
A market demand curve measures
A) how much a consumer is willing to pay for an additional unit of the good. B) the marginal social benefit of an additional unit of the good. C) the marginal social cost of an additional unit of the good. D) Both answers A and B are correct.