In recent years, the United States has had large:
A. current account surpluses.
B. capital and financial account deficits.
C. balance of trade deficits.
D. balance of payments surpluses.
C. balance of trade deficits.
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In the above figure, the line represented by the "4" is the
A) average fixed cost. B) marginal revenue. C) average total cost. D) marginal cost.
An investor owns bond #1 that has a rate of return of 10 percent, but a similar bond #2 has an 11 percent return and equal risk. By selling bond #1 and buying bond #2 to earn a higher return, the investor is engaging in:
A. Pooling B. Arbitrage C. Diversification D. Time preference
Refer to the graph below. Which of the following movements would indicate a reduction in unemployment?
A. From point C to point D
B. From point F to point H
C. From point E to point D
D. From point D to point G
Jane is a student at a university. She pays $10,000 per year in tuition, $4,000 per year in living expenses, and $800 per year for books. Were she not in school, she could earn $20,000 per year working as a bookkeeper and she would not live with her parents. What is her economic cost of a year in college?
A. $10,000 B. $13,000 C. $30,800 D. $34,800