When the dollar value of a country's imports of final products is less than the dollar value of its exports, the country has a
A. balance of trade deficit.
B. budget surplus.
C. budget deficit.
D. balance of trade surplus.
D. balance of trade surplus.
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Which determinant of demand changes in the personal computer market as more individuals become interested in "surfing the Internet"?
A. Number of buyers. B. Expectations. C. Cost of factors of production. D. Income.
In 2013, the highest incidence of poverty was for
A. children under 18. B. women living in households with no husband present. C. Hispanic families. D. individuals over 65.
In the United States over the last 50 years,
A) the labor force participation rate for women has increased to match that for women in other developed countries. B) the labor force participation rate for women has increased to near 60 percent. C) the change in men's labor force participation rate explains the behavior of the unemployment rate. D) both women's and men's labor force participation rates have increased due to technology. E) women's earning power has remained fairly constant.
The markup pricing technique involves determining the selling price of a good by adding a profit markup to minimum average cost. This would result in maximum profits only if
a. average cost were constant. b. the markup were zero. c. the markup varied with the elasticity of demand. d. demand were inelastic.