The U.S. balance of trade:
a. typically is positive since the United States exports far more goods than it imports.
b. is the difference between merchandise exports and merchandise imports
c. includes net military transactions.
d. Both b. and c. are correct.
b
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Compared to the poverty rate for blacks, the poverty rate for whites is a fraction of less than ______.
Fill in the blank(s) with the appropriate word(s).
An annual income statement from Quest Realty, Inc. is shown below:
During this year of operation, Quest Realty owned and occupied an office building in downtown Indianapolis. For this year, the building could have been leased to other businesses for $2,000,000 in lease income. Quest Realty also owned undeveloped land valued at $15,000,000. Owners of Quest Realty can earn a 14% rate of return annually on funds invested elsewhere.Total explicit costs of using market-supplied resources for Quest Realty for this year are
A. $41,100,000 B. $37,000,000 C. $38,200,000 D. $23,000,000 E. none of the above
The principle of diminishing returns implies that as one input increases while the other inputs are held fixed, output:
A. increases at an increasing rate. B. increases at a decreasing rate. C. decreases at a decreasing rate. D. decreases at an increasing rate.
Refer to the figure. Profit for the single-price monopoly in this diagram is ______, and under perfect price discrimination, profit is ______.
Fill in the blank(s) with the appropriate word(s).