A country purchases more goods and services from residents of foreign countries than residents of foreign countries purchase from it. This country has
a. a trade surplus and positive net exports.
b. a trade surplus and negative net exports.
c. a trade deficit and positive net exports.
d. a trade deficit and negative net exports.
d
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In the steady state in the Solow growth model, the economy is in equilibrium with the capital-labor ratio and real GDP per worker ________, and with capital, labor, and real GDP ________
A) constant; constant B) growing; constant C) constant; growing D) growing; growing
By definition, an industry with high concentration also is highly competitive
a. True b. False Indicate whether the statement is true or false
The superstar phenomenon explains why professional athletes earn more than amateur athletes
a. True b. False Indicate whether the statement is true or false
The portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries is ________ unemployment.
A. frictional B. cyclical C. seasonal D. structural