Which of the following would contribute to a United States current account surplus?
A. The United States makes a unilateral tariff reduction on imported goods.
B. General Motors pays a dividend to a Swiss stockholder.
C. The United States cuts back on American military personnel stationed in Germany.
D. Russian vodka becomes increasingly popular in the United States.
C. The United States cuts back on American military personnel stationed in Germany.
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Other things being equal, demand is less elastic
A) the more expensive the good is. B) the smaller the percentage of a total budget that a family spends on a good. C) the longer is the time period for adjustment. D) the more substitutes a good has.
Economic growth measured in terms of an increase in per capita real GDP is not a good measure of the distribution of income in a nation
a. True b. False Indicate whether the statement is true or false