What can be concluded about the U.S. balance of trade dating back to 1965?
a. During most years, the United States experienced a trade surplus on goods and services.
b. During most years, the value of goods and services imported exceeded the value of goods and services exported.
c. During most years, the United States experienced a positive value for the balance on goods and services.
d. During most years, the value of goods and services exported exceeded the value of goods and services imported.
b. During most years, the value of goods and services imported exceeded the value of goods and services exported.
You might also like to view...
How do advertising and other selling costs affect a firm?
A) They shift the marginal cost curve upward. B) The only effect is that the excess capacity is reduced. C) The only effect is that the demand for the product increases. D) They shift the average total cost curve upward. E) The do not change demand and shift the average total cost curve downward.
In a particular country in 2000 . the average worker needed to work 40 hours to produce 55 units of output. In that same country in 2008, the average worker needed to work 30 hours to produce 45 units of output. In that country, the productivity of the average worker
a. decreased by about 6 percent between 2000 and 2008. b. remained unchanged between 2000 and 2008. c. increased by about 9 percent between 2000 and 2008. d. increased by about 18 percent between 2000 and 2008.
Refer to the following table that gives the demand facing a monopolist: 
How much does the 28th unit of output add to total revenue?
A. $200 B. $10 C. $2 D. $20 E. none of the above
Efficiency is measured on the ___________ curve.
A. ATC B. AVC C. MC D. demand