A country that typically runs a trade deficit is:
A. Japan.
B. Germany.
C. the United States.
D. China.
Answer: C
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If Bobby decides that his marginal utility per dollar spent on vanilla ice cream exceeds his marginal utility per dollar spent on chocolate ice cream, he should then
A) buy more chocolate ice cream and less vanilla ice cream. B) buy more vanilla ice cream and less chocolate ice cream. C) buy all the vanilla ice cream he can. D) never buy chocolate ice cream.
In 2013, the Lowest Income 60 percent of households had about what percentage of total money income?
a. 23.4% b. 26.0% c. 46.6% d. 60.0%
The actual rate of unemployment will generally
What will be an ideal response?
The pre-2008 boom affected the Eurozone nations, many of which engaged in:
A) fiscal restraint. B) overconsumption, excessive and wasteful construction, and asset speculation. C) tight monetary policies that resulted in recession. D) wage restraint policies that angered unions.