Comparing what the United States owes to other nations against what other nations owe to the United States, the United States is currently a(n):
A. Net creditor
B. Net debtor
C. International banking asset
D. International banking liability
B. Net debtor
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Although regulation and corrective taxes are both capable of reducing pollution, regulation accomplishes this goal more efficiently
a. True b. False Indicate whether the statement is true or false
Collective bargaining by unions can result in a union wage rate that is ________ the equilibrium real wage rate and creates a ________ of labor
A) below; shortage B) above; shortage C) below; surplus D) above; surplus E) equal to; surplus
If we wanted to prove that macaroni is an inferior good, we would test the __________ of macaroni and get a __________
a. cross-price elasticity; negative number b. income elasticity; number less than 1 c. income elasticity; positive number d. price elasticity of demand; number greater than negative 1 e. income elasticity; negative number
An outcome in which all players choose the best strategy they can, given the choices of all other players, is called:
A. a dominant strategy. B. collusion. C. a Nash equilibrium. D. the prisoner's dilemma.