One reason that U.S. exports of commercial services have increased steadily over the past 25 years is that
A) European and Asian nations have shown little interest in developing their own commercial services sectors.
B) the United States has made significant investments in new information technologies.
C) the U.S. government owns and operates most of the economy's service sector.
D) the U.S. economy operates like one big corporation.
B
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If you knew that two countries had the same level of real GDP per person, what additional piece of information would help you determine in which country people had a better standard of living?
A. The total physical volume of output for each country B. The average level of prices in each country C. The average number of hours worked per week in each country D. The population of each country
The discount rate is
A. the interest rate commercial banks charge their new customers. B. the interest rate the Fed charges commercial banks for borrowing funds. C. the interest rate commercial banks charge each other for borrowing funds. D. the interest rate commercial banks charge their most creditworthy customers.