If Ford sells 200 Explorers for a total of $400,000 to Germany, while the United States imports 100 BMWs for a total of $500,000 from Germany
A) U.S. GDP increases because it sells more Explorers.
B) U.S. GDP decreases because net exports are negative.
C) Germany's GDP decreases.
D) U.S. net exports is positive.
B
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What is the central bank of the United States?
A) There is no central bank in the United States. B) The Department of Treasury C) The Federal Reserve System D) The U.S. Mint E) Each state has its own central bank, which, when all taken together, constitute the central bank of the United States.
Which of the following about Social Security is true?
a. The regressive nature of the Social Security benefit formula works to the advantage of groups with below average earnings. b. Groups with an below average life expectancy gain from Social Security because they will typically draw retirement benefits over a more lengthy period of time. c. The life expectancy of Hispanics at age 20 is generally lower than the figures for whites and blacks. d. Hispanics derive a higher return from their Social Security taxes than whites, and substantially higher than blacks.