When the dollar value of a country's imports of final products exceeds the dollar value of its exports, the country has a
A. balance of trade deficit.
B. balance of payments surplus.
C. balance of trade surplus.
D. balance of payments deficit.
A. balance of trade deficit.
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Using the data in the above table, the labor force participation rate is
A) 60.8 percent. B) 56 percent. C) 4.8 percent. D) 61.6 percent. E) 64.4 percent.
Which of the following leads to a deadweight loss? i. competition ii. taxes iii. consumer surplus iv. monopoly
A) ii only B) iii and iv C) i and ii D) ii and iv E) i, ii, and iii
Employees at La Dola Inc often engaged in hasty decision making that resulted in losses for the company. Because employees were not individually accountable for their decisions, this trend continued
However, when the company introduced a policy of profit-sharing with its employees, they began scrutinizing their decisions carefully before implementing. Explain the reason behind the change in the employees' behavior.
Under the Bretton Woods system:
A. all nations fixed the value of their currencies against the dollar. B. the United States was the only nation with a fixed exchange rate. C. the United States was the only nation with floating exchange rates. D. all nations allowed the value of their currencies to be determined by the free market.