Which statement is false?
A. Our 2009 trade deficit with Japan was the highest deficit ever recorded with any one country.
B. Our trading position with Japan is very much like a colony and a colonial power.
C. Japan had an economic revival in the 1950s and 1960s largely by targeting the American consumer market.
D. If we eliminated our trade deficits with Japan and China, we would still be running a trade deficit.
A. Our 2009 trade deficit with Japan was the highest deficit ever recorded with any one country.
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A) medium of exchange B) unit of account C) store of value D) barter mechanism E) symbol of fiat
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A) larger; omits discouraged workers B) smaller; includes the unemployed C) smaller; omits people too young to work D) larger; includes people looking for work
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A) Price elasticity of demand is less than 1 (Ep < 1). B) If a firm raises price, total revenues will go up. C) Price elasticity of demand is greater than 1 (Ep > 1). D) If a firm lowers price, total revenues will fall.
Which of the following is an accurate definition of correlation?
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