The largest expenditure category in the United States is
A) consumption expenditure.
B) wages.
C) net exports of goods and services.
D) government expenditure on goods and services.
E) investment.
A
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The return to entrepreneurship is known as
A) economic profit. B) normal profit. C) opportunity revenue. D) normal revenue. E) explicit profit.
What is behavioral economics?
What will be an ideal response?
Given the information in the table above, if wages were to double in Home, then Home should
A) export cloth. B) export widgets. C) export both and import nothing. D) export and import nothing. E) export widgets and import cloth.
If Israel's domestic investment exceeds its national saving, then Israel has
a. positive net capital outflows and negative net exports. b. positive net capital outflows and positive net exports. c. negative net capital outflows and negative net exports. d. negative net capital outflows and positive net exports.