From the early 1990s through 2012, the U.S
A) current account and U.S. capital and financial account were both positive.
B) current account was negative.
C) balance of payments exceeded the capital account.
D) actual balance of payments deficit exceeded what the United States measured as the balance of payments deficit.
E) capital and financial account was negative.
B
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Refer to Figure 12-1. If the firm is producing 200 units
A) it should increase its output to maximize profit. B) it is making a loss. C) it breaks even. D) it should cut back its output to maximize profit.
Refer to the above diagram, in which S1 and D1 represent the original supply and demand curves and S2 and D2 the new curves. In this market:
A. the new equilibrium price and quantity are both greater than they were originally. B. point M shows the new equilibrium position. C. an increase in demand has been more than offset by an increase in supply. D. the equilibrium position has shifted from M to K.
Fighting inflation by slowing the growth of aggregate demand is
A. endorsed by most politicians. B. a convenient way to reduce inflation. C. unpopular with politicians. D. always easily accepted by firms and workers.
The list of tasks, duties, and responsibilities that make up a job is a ________
A. job analysis. B. job evaluation C. job specification. D. a job description