Economics Homework help!?

Posted on 2014-04-16 12:19:00 in Economics by LISA

2. In 2005, the U.S. gave more foreign aid, in dollars, than any other country. true or false

4. The Chinese Communist government began an economic system based on ___________ _____________ _________________ in 1953.

a. 10 year plans

b. 5 year plans

c. 100 year plans

d. 1 year plans

5. Which of the following statements about U.S. International trade is true?

a. The main purpose of international trade for the U.S. is to obtain imports.

b. The U.S. exports almost no goods.

c. The U.S. imports goods from struggling countries to give them aid.

6. In the 1980’s, computing power cost about $1200 per unit of MIPS. true or false

8. The term ______________ ______________ refers to the Federal Reserve Systems' deliberate efforts to control the size of the economy.

a. federal policy

b. monetary policy

c. fiscal policy

d. economic policy

9. Low wage rates are one reason that developing countries are attractive to companies such as Nike and Gap. true or false

18. Milton Friedman's supply-side economics is most closely associated with which American President?

a. John F. Kennedy

b. Franklin D. Roosevelt

c. Bill Clinton

d. Ronald Reagan

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