If the net exports component of U.S. GDP is negative, then it is an indication that
a. Americans buy insufficient exports
b. Americans buy too many exports
c. GDP will be underestimated
d. Americans export more than they import
e. Americans export less than they import
E
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In game theory, the strategy that always yields the highest benefit for the player using it is the
A) dominant strategy. B) cooperative strategy. C) prisoners' strategy. D) matrix strategy.
What curve shows the quantity of goods and services that households, firms, the government, and customers abroad want to buy at each price level?
A situation in which one nation produces good A using labor more intensively (relative to capital) than good B and a second nation, producing good A, uses capital more intensively (relative to labor) than good B is called:
A. a reversal of factor intensities. B. a paradox of factor intensities C. backward technology. D. micro intensity.
Monopolists earn excessive profits by increasing their quantity produced above the competitive market outcome.
Answer the following statement true (T) or false (F)