From 2000 to 2012 the U.S. had a trade
a. surplus and a large net capital inflow.
b. surplus and a large net capital outflow.
c. deficit and a large net capital inflow.
d. deficit and a large net capital outflow.
c
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Diminishing marginal product first sets in at the minimum point of the
a. ATC curve. b. AVC curve. c. AFC curve. d. MC curve.
How has the U.S. government attempted to address the fact that legislators have strong interests in their own districts when it wants Congress to approve defense spending?
a. Spreading out defense spending across many districts around the country b. Making laws that prohibit pork-barrel spending c. Logrolling defense spending into legislation with greater approval, such as poverty relief programs d. Prohibiting Congress from considering location when approving military bases and weapons programs
A tax on polluting emissions will
a. provide incentives for firms to reduce the volume of polluting materials. b. raise revenue sufficient to eliminate the deficit. c. necessarily lower the price of the products. d. require no agency to administer the tax.
Which movement between two points represents economic growth?
A. J to K
B. K to L
C. L to M
D. M to N