Which of the diagrams best portrays the effects of an increase in foreign spending on U.S. products?
A. A.
B. B.
C. C.
D. D.
C. C.
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Systematic efforts to extend vaccination throughout the world have produced a situation today in which the smallpox virus is
A) in short supply (a shortage exists). B) rare. C) scarce. D) all of the above.
The return that an entrepreneur can expect to earn, on average, is called
A) profit. B) normal profit. C) economic profit. D) accounting profit.
If the supply of aisle seats and middle seats on an airplane is the same, but the demand for aisle seats is greater than the demand for middle seats, then the equilibrium price of aisle seats will be less than the equilibrium price of middle seats
Indicate whether the statement is true or false
Which of the following is a macroeconomic question?
A) What determines the unemployment rate? B) How is the production quantity of digital cameras determined? C) What factors determine the price of iPhones? D) What determines the wages and benefits of flight attendants?