Since the 17th century, the United States has consistently ran a trade surplus in the export of ____________ products.
Fill in the blank(s) with the appropriate word(s).
agricultural
You might also like to view...
The results of many empirical studies of short-run cost functions have shown that total costs conform to
A) a quadratic total cost function. B) a power cost function. C) a linear cost function. D) a cubic cost function.
If government regulators force a natural monopoly to produce where price equals marginal cost, the monopoly will earn
a. a "fair return" b. positive economic profit c. zero economic profit d. negative economic profit e. greater economic profit than if it were unregulated
If the interest rate is below its equilibrium value, the price of
a. bonds will fall. b. money will fall. c. bonds will rise. d. stocks will fall. e. real estate will fall.
Real GDP is the yearly production of final goods and services valued at
a. current prices. b. constant prices. c. expected future prices. d. the ratio of current prices to constant prices.