The United States has a trade ________ with all its major trading partners and a trade ________ with every region of the world except for Latin America

A) deficit; deficit
B) deficit; surplus
C) deficit; balance
D) surplus; deficit
E) surplus; surplus


A

Economics

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When real GDP is greater than potential GDP, there is ________ which leads the inflation rate to ________

A) a recessionary gap; rise B) a recessionary gap; remain stable C) an inflationary gap; rise D) a recessionary gap; fall E) an inflationary gap; fall

Economics

Experimental evidence indicates women choose less competitive environments than men

a. True b. False Indicate whether the statement is true or false

Economics

How would each of the following affect the firm's marginal, average, and average variable cost curves?

a. There is an increase in wages? b. There is a decrease in material costs? c. The government imposes a fixed amount of tax? d. The rent that the firm pays on the building that it leases decreases?

Economics

Which one of the following is NOT money?

A. Gold B. A dime C. A demand deposit D. A NOW account

Economics