Data on exports and imports for the United States over the period from 1890 to 2008 show that
A) the United States had large trade deficits throughout this entire period.
B) the United States had large trade surpluses throughout this entire period.
C) the percentage of total output exported by U.S. firms fell dramatically during World War I and World War II.
D) a higher percentage of U.S. goods was exported in recent years than in earlier years.
D
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Oligopolists consider the possible responses of rivals when making decisions.
Answer the following statement true (T) or false (F)
If you made a wish list of things you wanted but did not now have, they you became able to have the things on that list, scarcity would be eliminated
a. True b. False Indicate whether the statement is true or false
Economists refer to the talents, training, and education of workers as:
A. human capital. B. average labor productivity. C. physical capital. D. labor supply.
The percentage of a bank's total deposits held in reserves, either as cash in the vault or as deposits at the local Federal Reserve bank, is:
a) the reserve ratio. b) the reserve requirement. c) excess reserves. d) the money ratio.