Which country is the United States' largest trading partner?
a. Canada
b. Japan
c. Great Britain
d. Mexico
e. South Korea
A
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Refer to the scenario above. If each bidder uses his/her dominant strategy, who will get the good being auctioned?
A) Tom B) Pat C) Arthur D) Julie
An asset whose value is based on the value of another asset is called a:
A. derivative. B. dividend. C. stock. D. bond.
Which of the following models emphasizes the importance of credible, predictable government policies for maintaining full employment with low inflation?
A. the monetarist model B. the Keynesian model C. the supply-side model D. the rational expectations model
Recall the Application about the costs involved in opening a restaurant to answer the following question(s).Recall the Application. If you are a franchise owner of a Sonic Drive-In restaurant, and it is in a monopolistically competitive market, you would expect in the long run to earn zero economic profits because:
A. you must compete against other restaurants that are similar to you, but not exactly the same. B. barriers to entering the restaurant business are relatively low. C. competition among restaurants is keen. D. All of these are correct.