When the United States sells assets abroad, it is in essence lending money, and foreign debts to the United States increase.
Answer the following statement true (T) or false (F)
False
Economics
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The economy’s self-correcting mechanism refers to the way money wages react to either a recessionary gap or an inflationary gap.
Answer the following statement true (T) or false (F)
Economics
Between 2000 and 2015, which of the following experienced a negative inflation rate?
A. Medical care B. Wireless phone service C. Gasoline D. College tuition
Economics
Because marginal cost is always ________ in the short run, total variable cost always ________ when output decreases.
A. positive; increases B. negative; increases C. negative; decreases D. positive; decreases
Economics
How do entry barriers hamper economic prosperity?
What will be an ideal response?
Economics