According to the Textbook, the Fact That One Can Buy

question 47

Multiple Choice

According to the textbook, the fact that one can buy a T-shirt for $5 in the United States is due primarily to ______.

• A)the accessibility of cheap cotton
• B)marketing strategies of large apparel companies
• C)consumer demand for $5 T-shirts
• D)lack of concern for the workers who make T-shirts

Identify the causes and consequences of current account deficits and trade imbalances.

Analyze the role of foreign investment in the U.S. economy and its impact on the trade deficit.

Understand the utilization of the Big Mac index in evaluating purchasing power parity and exchange rates.

Examine reasons and implications of foreign nations financing U.S. consumption and debts.