Suppose a country had $2.4 billion of net exports and bought $4.8 billion of goods and services from foreign countries. This country would have

What will be an ideal response?


$7.2 billion of exports and $4.8 billion of imports.

Economics

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Ann is waiting to be recalled after a layoff. Bill also has no job at the moment and is not searching for one. Who is officially "unemployed"?

A) Ann B) Bill C) Ann and Bill D) neither Ann nor Bill

Economics

One difference from private insurance programs is that social insurance programs:

A. serve everyone who meets baseline eligibility requirements. B. use a sliding scale of payment based on ability to pay. C. are universally offered to everyone. D. None of these is true.

Economics

Behavior designed to take account of the reactions of one’s rivals to one’s own behavior.

Economics

The increase in output that results when one more unit of a variable input is hired is called

A. average physical product. B. marginal physical product. C. total physical product. D. marginal revenue.

Economics