When spending and incomes in an economy increase,
A) imports are likely to increase.
B) imports are likely to be unchanged.
C) imports are likely to decrease.
D) exports are likely to decrease.
Question 2
With trade, the slope of the Consumption Possibilities Curve (CPC) is equal to
A) the world price of the good on the horizontal axis.
B) the world price of the good on the vertical axis.
C) the opportunity cost of the good on the horizontal axis.
D) the opportunity cost of the good on the vertical axis.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
North America and the Global Economy
Increase in rainfall on continents
Growth of Government Spending, 1870–2009
Researchers and Research Spending, 2009
A melting profile shows the increase in UV absorption versus temperature