To get a complete measure of the total spending on U.S.-produced final goods and services, one must adjust aggregate demand by
a. adding imports and subtracting exports.
b. adding imports that are purchased by U.S. consumers.
c. adding exports and subtracting imports.
d. subtracting exports sold to foreigners.
c
Economics
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Describe the controversy surrounding the HO model and the widening of the American income gap
What will be an ideal response?
Economics
One big difference between tariffs and quotas is that tariffs:
a. raise the price of a good while quotas lower it. b. generate tax revenues while quotas do not. c. stimulate international trade while quotas inhibit it. d. hurt domestic producers while quotas help them. e. give the same outcome as free trade while quotas do not.
Economics