Which statement is false?
A. Our 2009 trade deficit with Japan was the highest deficit ever recorded with any one country.
B. Our trading position with Japan is very much like a colony and a colonial power.
C. Japan had an economic revival in the 1950s and 1960s largely by targeting the American consumer market.
D. If we eliminated our trade deficits with Japan and China, we would still be running a trade deficit.
A. Our 2009 trade deficit with Japan was the highest deficit ever recorded with any one country.
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Suppose the figure below shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist. 
The socially optimal level of output is ________ units per day.
A. G B. F C. H D. I
The United States experienced depressions in all of the following decades except
A. the 1890s. B. the 1920s. C. the 1930s. D. the 1950s.
If a commodity’s price is above its marginal cost, the market will tend to produce too much of the good.
Answer the following statement true (T) or false (F)
If MV rises from 250 to 375,
A. PQ will fall by 50%. B. PQ will remain the same. C. PQ will rise by 50%. D. PQ will rise by 100%.