In 2004, China had a substantial trade surplus with
A. Japan.
B. Russia.
C. the United States.
D. Brazil.
Answer: C
You might also like to view...
Issuing marketable emission allowance permits to polluting firms will result in those firms polluting more than would be desired by the benevolent social planner
Indicate whether the statement is true or false
"Higher prices always yield higher revenues." Do you agree or disagree? Why?
What will be an ideal response?
In the long-run equilibrium of a market with free entry and exit, marginal firms are operating
a. at the point where average variable cost equals marginal cost. b. at the minimum point on their marginal cost curves. c. at their efficient scale. d. where accounting profit is zero.
A particularly severe or protracted recession is called a(n):
A. peak. B. expansion. C. boom. D. depression.