Which of the following statements about U.S. international trade in 2013 is CORRECT?
A) The value of U.S. exports exceeded the value of U.S. imports.
B) The value of U.S. exports was about 33 percent of the value of total U.S. production.
C) The United States imported only goods.
D) The United States was the world's largest trader.
D
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Which of the following is least likely to be an example of peak/off-peak pricing?
A. Breakfast cereals B. Hotels C. Toll roads D. Electricity
If employees and employers always accurately forecast inflation, what is the shape of the Phillips curve?
a. It is vertical in the short run, and upward sloping in the long run. b. It is downward sloping in the short run, and vertical in the long run. c. It is upward sloping in the short run, and horizontal in the long run. d. It is vertical in the short run and long run.
When the price of a good is low, selling the good is profitable, and so the quantity supplied is large
a. True b. False Indicate whether the statement is true or false
Judging from the table of the four types of goods, goods that are excludable would include ______.
a. pizzas and movie streaming
b. rainforest trees and street lighting
c. the atmosphere and rainforest trees
d. pizzas and street lighting