Which statement is true?
A. In both the 19th century and the since the 1980s we borrowed from foreigners to finance both capital expansion and consumption.
B. In neither the 19th century nor since the 1980s we borrowed from foreigners to finance both capital expansion and consumption.
C. In the 19th century we borrowed from foreigners to finance capital expansion and since the 1980s we borrowed to finance consumption.
D. In the 19th century, we borrowed from foreigners to finance consumption and since the 1980s we borrowed to finance capital expansion.
C. In the 19th century we borrowed from foreigners to finance capital expansion and since the 1980s we borrowed to finance consumption.
You might also like to view...
Perfectly competitive firms that earn an economic profit in the short run choose the output that
a. maximizes total revenue b. minimizes total cost c. maximizes the difference between total revenue and total cost d. maximizes the difference between total revenue and explicit cost e. maximizes the difference between total revenue and implicit cost
Suppose that Tom bought a bike from Helen for $195. If Helen's reservation price was $185, and Tom's reservation price was $215, the seller's surplus from this transaction was:
A. $10 B. $215 C. $195 D. $20
If an economy is efficient:
a. resources are still available to produce specific consumer goods that are more desirable. b. prices are the lowest they can possibly be. c. all goods are produced at their maximum price and quality. d. all opportunities to make people better off without making other people worse off have been exploited.
A monopoly's short-run supply curve is upward-sloping because of diminishing marginal returns.
a. true b. false