Our merchandise balance of trade has been negative since the year
A. 1971.
B. 1976.
C. 1981.
D. 1986.
B. 1976.
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The debate over how the government should respond to deep economic downturns may be easier to overcome if we focus on infrastructure spending because:
A. we have resolve the debate over infrastructure spending before we do anything else. B. there's broad agreement that the government should increase infrastructure spending. C. insufficient infrastructure spending is the root cause of most economic downturns. D. there's broad agreement that the government should decrease infrastructure spending.
A firm will avoid producing additional emissions whenever the fee is
A) less than the MSB. B) greater than the MSB. C) less than the MCA. D) greater than the MCA. E) equal to the distance between MSB and MCA.
Increased opportunities for trade increase production by
A. Protecting countries from competition. B. Shifting the production possibilities curve outward. C. Encouraging countries to be self-sufficient. D. Improving efficiency through specialization.
Exhibit 7-12 Marginal revenue and cost per unit curves
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As shown in Exhibit 7-12, the firm's short-run supply curve is the:
A. entire marginal cost curve. B. rising part of marginal cost beginning at E. C. rising part of marginal cost beginning at F. D. entire marginal revenue curve.