In the United States the underground economy has been valued at around:
A. 7 percent or 8 percent of GDP.
B. 2 percent or 3 percent of GDP.
C. 5 percent to 6 percent of GDP.
D. 9 percent to 10 percent of GDP.
A. 7 percent or 8 percent of GDP.
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Which of the following best approximates a pure monopoly?
A. the fast food market B. the oil market C. the steel market D. the NFL
Use the following table to answer the next question.Current AccountFinancial AccountCapital Account-$753,438 $30,696This country has a ________.
A. trade deficit B. deficit in the financial account C. trade surplus D. deficit in the capital account
Appreciation of the dollar will make imported goods more expensive and shift the aggregate demand curve outward
a. True b. False Indicate whether the statement is true or false
Workers typically require higher wages in order to work additional hours because of the
A. Increasing opportunity cost of labor. B. Increasing marginal utility of income. C. Constant marginal utility of income. D. Decreasing value of leisure time forgone.