Since 1999, ________ U.S. manufacturing jobs may have been lost to Chinese imports, and trade with China has ________ throughout the United States
A) more than 2 million; created other jobs
B) more than 2 million; not created any additional jobs
C) very few; created more than 2 million jobs
D) very few; not created any additional jobs
Answer: A
You might also like to view...
A small business owner earns $75,000 in revenue annually. The explicit annual costs equal $40,000. The owner could work for someone else and earn $20,000 annually. The owner's accounting profit is ________ and owner's economic profit is ________
A) $10,000, $10,000 B) $35,000, $10,000 C) $35,000, $55,000 D) $10,000, $55,000
If the interest rate is below the equilibrium, which of the following occurs in this market?
a. excess supply b. excess quantity supplied c. excess demand d. excess quantity demanded
Common resources have which of the following characteristics?
a. Nonexcludable and rivalrous b. Nonexcludable and nonrivalrous c. Excludable and rivalrous d. Excludable and nonrivalrous
At a price of $9.50/pound, people buy 45 pounds of lamb. At a price of $10.50/pound, people buy 35 pounds of lamb. What is the arc elasticity of demand for lamb in this price range?
a. 1.0 b. 2.5 c. 0.4 d. 3.0 e. none of the