AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-04 Recount how the mix of U.S. output has changed over time. Topic: What America Produces 120. If the United States imports more than it exports, this implies that the country uses more goods and services than it produces. TRUE Imports represent goods and service that are used by Americans but are not produced in the U.S. AACSB: Reflective Thinking Blooms: Analyze Difficulty: 2 Medium Learning Objective: 02-04 Recount how the mix of U.S. output has changed over time. Topic: What America Produces 121. The manufacturing of output has increased in the United States since World War II. FALSE The manufacturing and agricultural shares have decreased while the services share has increased. AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-04 Recount how the mix of U.S. output has changed over time. Topic: What America Produces 122. A capital-intensive production process increases the of output per worker. TRUE Capital greatly assist in increasing the level of output per person. AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-03 Explain why the U.S. economy can produce so much. Topic: How America Produces
AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-04 Recount how the mix of U.S. output has changed over time. Topic: What America Produces 120. If the United States imports more than it exports, this implies that the country uses more goods and services than it produces. TRUE Imports represent goods and service that are used by Americans but are not produced in the U.S. AACSB: Reflective Thinking Blooms: Analyze Difficulty: 2 Medium Learning Objective: 02-04 Recount how the mix of U.S. output has changed over time. Topic: What America Produces 121. The manufacturing of output has increased in the United States since World War II. FALSE The manufacturing and agricultural shares have decreased while the services share has increased. AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-04 Recount how the mix of U.S. output has changed over time. Topic: What America Produces 122. A capital-intensive production process increases the of output per worker. TRUE Capital greatly assist in increasing the level of output per person. AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-03 Explain why the U.S. economy can produce so much. Topic: How America Produces
Test-Bank-Essentials-of-Economics-9th-Edition-Schiller.docx