U.S. international trade has
a. decreased because of a decrease in the trade of goods with a high value per pound.
b. decreased because of an increase in the trade of goods with a high value per pound.
c. increased because of a decrease in trade of goods with a high value per pound.
d. increased because of an increase in trade of goods with a high value per pound.
d
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Because the consumer price index reflects the goods and services bought by consumers better than the GDP deflator does, it is the more common gauge of inflation
a. True b. False Indicate whether the statement is true or false
If, for a given disposable income level, the disposable income line lies below the consumption curve, saving:
A. equals consumption. B. equals disposable income. C. is less than zero. D. is greater than zero.
Describe a tit-for-tat strategy.
What will be an ideal response?
If instead the government set the abatement standard at 50 million tons per year, would that standard be too lenient or too restrictive at the national level? Support your answer with specific values.
Hypothetically, suppose a recent study of hazardous waste abatement (A) arrives at the following national estimates for abating chemical solvents: MSB = 100 – 0.75A and MSC = 20 + 0.50A, where A is measured in millions of tons per year, and costs are measured in millions of dollars.