Which of the following is not true currently?
A. The United States has an overall trade surplus.
B. The United States has a low export ratio.
C. The United States has a merchandise trade deficit.
D. The United States has a services trade surplus.
A. The United States has an overall trade surplus.
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Results of research conducted regarding the Moving to Opportunity program found that the program had little effect on opening up employment opportunities
Indicate whether the statement is true or false
Adam Smith, in his book, The Wealth of Nations, advocated:
a. socialism. b. an economy guided by an "invisible hand." c. government control of the "invisible hand." d. the adoption of mercantilism.
Refer to Figure 7.5. Which diagram represents isoquants for fixed-proportions technology?
A. A
B. B
C. C
D. D
A firm that has little ability to influence market prices operates in a
a. competitive market. b. strategic market. c. thin market. d. power market.