Trade deficits always lead to future decreases in consumption if the trade deficits
A) support current investment.
B) support current consumption.
C) require borrowing from abroad.
D) support either current investment or current consumption.
B
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What are the two views of fairness? How does each view redistribution of income from the rich to the poor?
What will be an ideal response?
Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $20
A) only Violet and Walter will buy tickets. B) everyone will buy a ticket except for Zachary. C) the total consumer surplus from the purchase of tickets will be $122. D) Xavier's consumer surplus is $50.
According to the graph shown, if this economy were open to free trade, it would:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. import this good because the domestic price is greater than the world price.
B. export this good because the domestic price is greater than the world price.
C. import this good because the world price is greater than the domestic price.
D. export this good because the world price is greater than the domestic price.
Andrea would be considered unemployed if she is
a. working at a part-time job but is looking for a full-time job. b. absent from her regular job as the result of illness. c. working at a full-time job but is looking for a part-time job. d. not working and is looking for a part-time job.