Net exports is the amount of products and services that foreigners buy from our economy (exports) _________ what we bought from their economy (imports).
Fill in the blank(s) with the appropriate word.
Ans: minus
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The economy is considered to be at full employment when
a. the actual rate of unemployment is less than the natural rate b. the leading economic indicators are unchanged for two consecutive quarters c. structural unemployment is zero d. frictional plus structural unemployment is less than the natural rate e. the rate of cyclical unemployment is zero
If the cross-price elasticity of two goods is positive, then the two goods are
a. substitutes. b. complements. c. normal goods. d. inferior goods.
Consider a small hair styling salon. List some examples of implicit costs of this business
What are the three noteworthy labor market trends that Americans have experienced for about two decades?
What will be an ideal response?