When a nation's exports exceed its imports, it has a
A. trade embargo.
B. trade shortage.
C. trade surplus.
D. exchange rate discrepancy.
Answer: C
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As a person increases his or her caloric intake, the person's weight increases, ceteris paribus. The relationship between the person's caloric intake and the person's weight is an example of
A) unrelated variables. B) a positive relationshi
A high degree of competition is not always feasible in the production of
a. toothpaste. b. cosmetics. c. foodstuffs. d. public utilities.
If a country had a nominal GDP of $753 million, and the GDP deflator was 110, what is the real GDP?
a. $685 million b. $828 million c. $836 million d. $863 million
Produced goods used as inputs for the production of other goods comprise the resource known as
A) natural resources. B) services. C) capital. D) entrepreneurship.