In the first quarter of 2009, the United States trade deficit fell to its lowest level in a decade. This means that
A) the United States imported more from the rest of the world than it exported to the rest of the world.
B) foreign countries exported more to the United States than they imported from the rest of the world.
C) foreign countries imported more from the United States than they exported to the United States.
D) the United States exported more to foreign countries than it imported from the rest of the world.
A
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Indicate whether the statement is true or false
The distinction between public goods and private goods is based on:
A.) Government regulation. B.) Who produces the goods. C.) How much the goods cost. D.) The link between payment and consumption.
Suppose that the quantity of cars supplied exceeds the quantity of cars demanded. We would expect that:
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