All of the following are cited as factors in explaining U.S. competitiveness EXCEPT
A) large investments in scientific research.
B) economic restructuring.
C) widespread entrepreneurship.
D) reducing the federal deficit.
Answer: D
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Because of the large current account deficits accumulated by the United States since 1981, the United States has become a
A) nation with no official reserves. B) balanced nation. C) broke nation. D) creditor nation. E) debtor nation. The table above gives data on the U.S. balance of payments in 2019.
Which of the following is always a violation of the antitrust law?
A) price fixing among competitors B) resale price maintenance C) tying arrangements D) predatory pricing
Stagflation is caused by
a. a negative supply shock. b. a positive supply shock. c. a negative demand shock. d. a positive demand shock. e. none of the above.
Which of the following statements is true?
a. In both black markets and legal markets, supply and demand determine price. b. The quality of products sold in black markets and legal markets are similar. c. The price of products in black markets tends to be the same as those in legal markets for otherwise identical products. d. The rate of violence is similar in black markets and legal markets.