In 2009, the United States largest balance of trade deficit was with
a. the European Union
b. Canada
c. China
d. Mexico
e. Brazil
C
Economics
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In 2011, apples cost $1.49 a pound. Suppose the CPI was 120 in 2011 and 140 in 2012. If there is no change in the real price of an apple in 2012, what is the price of a pound of apples in 2012?
A) $2.74 B) $1.69 C) $1.66 D) $1.74 E) $1.28
Economics
Can the incidence of a sales tax ever be so that buyers pay all of the tax or so that sellers pay all of the tax?
What will be an ideal response?
Economics
A firm produces an output level at which price is greater than marginal cost. Explain why this is inefficient
What will be an ideal response?
Economics
Refer to Figure 15-15. What is the economically efficient output level and what is the price at that level?
A) Q2, P2 B) Q2, P3 C) Q3, P2 D) Q4, P1
Economics