As a percentage of GDP, U.S. imports have been ________ and U.S. imports have been ________ since 1950
A) growing; declining
B) declining; growing
C) growing; growing
D) declining; declining
C
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In the above, which figure(s) show(s) relationship between the variables that is always positive?
A) Figure A only B) Figures C and D C) Figures A and C D) Figures A, C, and D E) Figures A and B
Using the above table, the market clearing price is ________ and equilibrium quantity is ________
A) $55; 80 B) $60; 150 C) $70; 150 D) $150; 150
A dollar spent to buy a product ends up being a dollar received by the seller of the product. This statement explains why GDP includes ______.
a. marginal expenditure and total income b. total expenditure and total income c. total expenditure and marginal income d. marginal expenditure and marginal income
One of the problems with making all the decisions at the top of a business organization is the costliness of
A. advanced technology. B. specific information. C. market power. D. general information.