The United States became a net debtor because
A) it ran consistently large current account deficits.
B) it ran consistently large current account surpluses.
C) it lent a lot to people in foreign countries.
D) it provided much foreign aid to other countries.
A
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Which of the following is the best example of physical capital used to produce a textbook?
a. the expertise and writing ability of the author b. the ink used in the printing press c. the printing press d. the property on which the publisher's office is located e. the time spent by editors reviewing the textbook
A barrier to entry in an oligopolistic industry is ______.
a. perfect competition b. the large number of firms involved c. the low average costs for a new entrant d. control over important inputs
Refer to the information provided in Figure 15.2 below to answer the question(s) that follow. 
Figure 15.2 Refer to Figure 15.2. If We Do Hair maximizes profits as a monopolistically competitive firm, it ________ of $320.
A. is suffering a loss of B. has a total cost C. is earning a profit D. receives a total revenue
According to the benefits-received principle of taxation
A) people in the same economic situation should bear an equal share of the tax burden. B) the benefits of government programs such as national defense are shared equally by all people; therefore, the burden of paying for these programs should be shared equally. C) because high-income individuals receive the most benefits from government programs, they should pay more taxes than lower-income individuals. D) individuals who receive the benefits from a government program should pay the taxes that support the program.