Which statement is true?
A. Because the United States has the largest consumer market in the world, it has been targeted by foreign sellers
B. China targeted the large U.S. consumer market to help propel its strong economic growth over the last 20 years
C. Today, the Chinese run such huge trade surpluses with the U.S. that they can finance most of the United States' federal budget deficit
D. All the choices are true
D. All the choices are true
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Social Security tax is deducted from your paycheck. In the figure above this will be shown as
A) taxes flowing from households to governments. B) taxes flowing from firms to governments. C) taxes flowing from households to firms. D) wages flowing from firms to households. E) wages flowing from firms to governments.
Consider a consumer choosing between spending her money on food, F, or clothing, C. Assume that a unit of food and a unit of clothing have the same price, and that the consumer can afford a total of 20 units of either food or clothing. The benefit of food is given by B(F) = 100?F, with MB(F) = 50/?F. The benefit of clothing is given by B(C) = 25C, with MB(C) = 25. How many units of food should the consumer buy?
A. 0 B. 2 C. 4 D. 6
A consulting firm estimates the following quarterly sales forecasting model:Qt = a + bt +cDThe equation is estimated using quarterly data from 2005 I -2015 III (t = 1,..., 43). The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are: 
Using the estimated trend line above, what is the predicted level of sales in 2016 I ?
A. 106.20 B. 102.2 C. 104.34 D. 110.06 E. none of the above
Which of the following occur in the real world?
A. Both market failures and government failures B. Market failures but not government failures C. Government failures but not market failures D. Neither market failures nor government failures