In the 1980s, 1990s, and 2000s, the United States has had a
A. large trade surplus.
B. small trade surplus.
C. large trade deficit.
D. small trade deficit.
Answer: C
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Economists refer to the general problem of ________ as a principal-agent relationshi
A) moral hazard B) adverse selection C) negative externalities D) pecuniary externalities
"Banks make a profit by paying depositors a high rate to attract funds and making loans at a low rate to encourage borrowing." Is the previous statement correct or not?
What will be an ideal response?
If devaluation improves only the BOP, rather than the BOT, this implies that the capital account must have improved following a devaluation
Indicate whether the statement is true or false
The efficient quantity of a pure public good occurs when the marginal cost of producing that good equals the
A) marginal benefit to the median voter. B) marginal benefit to each individual. C) sum of all individual marginal benefits. D) sum of all individual marginal benefits divided by the number of voters.