Today, the United States is a
I. net borrower.
II. net lender.
III. debtor nation.
IV. creditor nation.
A) I and IV
B) II and IV
C) I and III
D) II and III
C
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Both Mergatroid and the Geebocks produce only gizmos and widgets. It is possible for Mergatroid to have
A) an absolute and a comparative advantage in both products. B) an absolute but not a comparative advantage in both products. C) a comparative but not an absolute advantage in both products. D) neither a comparative nor an absolute advantage in both products.
Which antitrust act prohibits exclusive dealing, tying contracts, stock acquisitions, and interlocking directorates?
a. Sherman Antitrust Act of 1890. b. Clayton Act of 1914. c. Federal Trade Commission Act of 1914. d. Robinson-Patman Act of 1936. e. Cell-Kefauver Act of 1950.
If the personal saving rate is 20% and personal saving is $20 billion, the value of personal disposable income is
A. $4 billion. B. $20 billion. C. $100 billion. D. $400 billion.
The study of how benefits are determined for city employees would be considered
A. macroeconomics. B. microeconomics. C. institutional economics. D. descriptive economics.