Which statement is false?
A. Looking at our trading pattern with Japan, one might reach the conclusion that we were an economic colony of Japan.
B. Until the 1990s, the United States was the prime exporter of consumer electronics products, such as TVs, cameras and DVD players.
C. In 1984 U.S. trade deficits first passed the $100 billion mark.
D. The last year the U.S. ran a trade surplus was 1975.
B. Until the 1990s, the United States was the prime exporter of consumer electronics products, such as TVs, cameras and DVD players.
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Members of the Board of Governors
A. are appointed by the U.S. president, while presidents of the regional Federal Reserve Banks are appointed by those banks' boards of directors. B. are appointed by the regional Federal Reserve Banks' boards of directors while the presidents of the regional Federal Reserve Banks are appointed by the U.S. president. C. and the presidents of the regional Federal Reserve Banks are appointed by the U.S. president. D. and the presidents of the regional Federal Reserve Banks are appointed by the regional Federal Reserve Banks' boards of directors.
Durable goods are expected to last for at least 10 years.
Answer the following statement true (T) or false (F)
A key decision that all firms make is which technology to use in the production of their products.
Answer the following statement true (T) or false (F)
In long-run equilibrium for a monopolistically competitive industry,
A. all firms break even. B. all firms suffer losses. C. firms can earn a profit, suffer a loss, or break even. D. all firms earn a profit.