Which country had the largest trade deficit in 2011?
a. Canada
b. Mexico
c. China
d. Japan
c
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Unless a good is a Giffen good, the demand curve shifts to the right as income rises.
Answer the following statement true (T) or false (F)
It makes sense for you to channel funds regularly into a "real world" savings account so you will
A) be prepared to purchase items like gasoline and food that you buy regularly. B) have these funds during your retirement years. C) have funds for a catastrophic expense that is likely to occur only once or twice during your lifetime. D) be prepared to deal with expenses like repairs that you know will occur in the future.
An increase in the price of Swiss cheese will most likely cause an increase in the demand for ______.
a. crackers b. cheddar cheese c. eggs d. chocolate
Refer to the above information. If Normal University undertakes program Level Three:
a. Total benefits will be less than total costs b. Marginal costs will exceed marginal benefits c. There would be an underallocation of resources to crime control d. There would be an overallocation of resources to crime control