Following World War I and World War II, the United States had a
A) small trade surplus.
B) small trade deficit.
C) large trade deficit.
D) large trade surplus.
D
You might also like to view...
A public choice is
A) a decision that affects one person. B) a decision that affects no one. C) a decision made in public. D) a decision that affects an entire society.
If there is a current account surplus, then there is a financial account deficit
Indicate whether the statement is true or false
Use the above figure. When the budget line rotates from "b" to "c"
A. the price of product J increases. B. the price of product K decreases. C. the price of product J decreases. D. the price of product K increases.
If labor costs are 60 percent of production costs, then a 15 percent increase in wage rates would increase production costs by:
A. 60 percent B. 45 percent C. 15 percent D. 9 percent