As a percentage of GDP, U.S. exports are:
A. greater than U.S. imports.
B. about 20 percent.
C. considerably lower than in several other industrially advanced nations.
D. higher than in Canada but lower than in Germany.
C. considerably lower than in several other industrially advanced nations.
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Refer to Figure 2-1. ________ is (are) unattainable with current resources
A) Point A B) Point B C) Point C D) Points A and C
The market structure of home video gaming systems is best characterized by monopolistic competition. Quasar Entertainment is one of the producers in this market. The inverse demand for Quasar systems is:
P = 500 - 9.75Q Quasar's cost function is: C(Q) = 0.25Q2 + 6. Determine Quasar's profit maximizing level of output and the price charged to customers. Is the market in a long-run equilibrium?
Which of the following affects the interest rate on a loan?
a. all of the following b. the duration of the loan c. the tax treatment of the loan d. the administrative cost of the loan e. the risk of default on the loan
During the 1990s,
a. tax revenues have decreased b. budget deficits decreased substantially c. sustained economic growth has increased both deficits and tax revenues d. government spending has increased dramatically due to increased defense expenditures e. the view in government, academe, and society that government can contribute to moderate social and economic ills has been persuasive