As of 2013, annual imports to the U.S. were approximately ____ and annual exports from the U.S. were approximately ____
a. $0.6 trillion; $1.5 trillion
b. $2.2 trillion; $0.7 trillion
c. $2.7 trillion; $2.3 trillion
d. $1.5 trillion; $2.0 trillion
e. $2.0 trillion; $2.0 trillion
c
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Which is an example of "capital"?
A) A carpenter's skills B) A singer's voice C) A judge's unblemished reputation D) A blast furnace E) All of the above.
What was the net balance in 2017?
a. -$808 billion b. -$449 billion c. $0 d. $354 billion
A typical university football program requires alumni to join one of several booster clubs (each club gets seats in different parts of the stadium) before the person can buy season tickets. What has this got to do with consumer surplus?
What will be an ideal response?
You accidentally jump the curb and run over your neighbor's extensive garden gnome collection. Your neighbor sues you and you are required to pay $3,000 to replace the gnomes. This is an example of
A. a liability rule. B. the Coase theorem. C. the free-rider problem. D. an injunction.