Which statement is true?
A. The United States' economy is larger than Japan's and the United States' population is larger than Japan's.
B. The United States' economy is smaller than Japan's and The United States' population is smaller than Japan's.
C. The United States' economy is larger than Japan's and The United States' population is smaller than Japan's.
D. The United States' economy is smaller than Japan's and The United States' population is larger than Japan's.
A. The United States' economy is larger than Japan's and the United States' population is larger than Japan's.
You might also like to view...
Assume toys are produced using only labor and wood. Which of the following best describes the cost of producing toys?
a. The number of dollars that the laborer spends to purchase the wood. b. The amounts of labor and wood used in the production process. c. The alternative uses that could be found for the labor and wood. d. The monetary value of the labor and wood used.
Which of the following would cause a decrease in the equilibrium price and decrease in the equilibrium quantity of papayas?
A) a decrease in supply and a decrease in demand B) an increase in supply and an increase in demand greater than the increase in supply C) a decrease in supply and an increase in demand D) a decrease in demand
The FHLBS gives loans to S&Ls and thus performs a function similar to the ________ for commercial banks
A) Federal Reserve B) U.S. Treasury C) Office of the Comptroller of the Currency D) U.S. Mint
An optimal level of output is one at which marginal profit > 0
a. True b. False Indicate whether the statement is true or false