The trade-to-GDP ratio for the United States reached its lowest point of the last 100 years

A) around 1970.
B) around World War II.
C) around World War I.
D) around 2008.

B

Economics

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People have a strong incentive to form rational expectations because

A) they are guaranteed of success in the stock market. B) it is costly not to do so. C) it is costly to do so. D) everyone wants to be rational.

Economics

Which of the following would not be included in aggregate expenditures?

A. New computers purchased by a law firm B. Tuition payments made by college students. C. Social security payments made by the government to retirees D. New military equipment purchased by the federal government

Economics