In 2015, which of the following were prominent exports of the U.S.?
A. financial services
B. transportation equipment
C. petroleum
D. all of the answers are correct
Answer: D
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Suppose the U.S. dollar gains strength against the euro (and against other major currencies). This strengthening of the dollar will cause which of the following to occur?
A) The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the right. B) The aggregate demand curve will shift to the left and the short-run aggregate supply will shift to the right. C) The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the left. D) the aggregate demand curve will shift to the left and the short-run aggregate supply will shift to the left.
Arrow's impossibility theorem states that the majority rule fails to produce transitive preferences for society
a. True b. False Indicate whether the statement is true or false