Answer the following questions true (T) or false (F)
1. Contractionary fiscal policy actions will lead to a decline in farmland values and farm equity as net farm incomes decline.
2. Exports are financially recorded as negative entries in the balance of payments since the products leave the U.S.
3. An increase in U.S. interest rates would cause a decrease in the demand for U.S. dollars.
1. TRUE
2. FALSE
3. FALSE
You might also like to view...
Suppose in a purely competitive market that American firms consider labor costs to be mostly variable while Japanese firms consider labor costs to be mostly fixed
What implication would this have for the viability of firms in each country if they compete with one another in the short run? What about the long run?
In recent decades, countries with high economic growth have experienced _______ inequality, and those with low rates of growth have experienced __________ inequality.
A. increasing; decreasing B. increasing; increasing C. decreasing; increasing D. decreasing; decreasing