If exports rise and imports fall, then
a. GDP will increase
b. GDP will decrease
c. GDP may remain unchanged
d. net exports will fall
e. transfers will rise
A
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Which of the following is a government response to asymmetric information?
A) product guarantees B) external product certification C) manufacturer's warranties D) government licensing
Which of the following statements is most likely true?
a. In recent decades, the export/GDP ratio has generally fallen, both worldwide and for the U.S. economy. b. In recent decades, the export/GDP ratio has generally risen worldwide, but not for the U.S. economy. c. In recent decades, the export/GDP ratio has generally risen, both worldwide and for the U.S. economy. d. In recent decades, the export/GDP ratio has generally fallen worldwide, but not for the U.S. economy.