What two measures of macroeconomic activity are often referred to as the "twin deficits"?
A) the budget deficit and the trade balance
B) net capital flows and net exports
C) the foreign exchange deficit and net foreign investment
D) the saving-investment deficit and the export deficit
A
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Which of the following conditions would prevent price discrimination?
a. the ability to identify customers who are willing to pay more b. the ability to prevent low-price customers from reselling to high-price customers c. perfect competition d. a monopoly market structure e. profit maximization
Data for an economy shows that the unemployment rate is 10 percent, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy?
A. 800 million B. 250 million C. 1.6 billion D. 1.0 billion
Suggest a remedial product-tax measure for each of the following externalities if: (1) the whole world had only one government and (2) a particular nation is harmed and is acting alone. The individual situations, (a. - c.), are as follows:a. Domestic pollution from domestic consumption of a productb. Domestic pollution from foreign consumption of a productc. Global pollution from world consumption of a product
What will be an ideal response?
Suppose firm X implements a new method for extracting copper from copper-bearing ore. This is an example of:
A. product innovation. B. process innovation. C. economics of scale. D. the inverted-U theory.