Suppose that in 2009 the total value of exports was $250 million, while imports were $225 million. The contribution of net exports to GDP was
a. $250 million
b. $25 million
c. $475 million
d. $225 million
e. -$25 million
B
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Refer to the figure below. If Cory chooses A, then Jess's best response is: 
A. to choose A. B. to choose the cell in which Jess's payoff is 10. C. non-existent. D. to choose B.
Based on the table above which shows Chip's costs, if rice sells for $600 a ton, Chip
A) makes an economic profit and should stay open in the short run. B) makes an economic profit, but should shut down in the short run. C) incurs an economic loss, but should stay open in the short run. D) incurs an economic loss and should shut down in the short run.
Marginal utility theory concludes that a decrease in the price of a good increases the quantity demanded and
A) increases the demand for substitutes. B) decreases the demand for complements. C) increases the total expenditure on the good. D) increases total utility.
High-income countries such as the United States spend a greater amount on services as compared to goods
Indicate whether the statement is true or false