Which of the following does the United States export?
A. Computers, but not wheat.
B. Wheat and corn, but not automobiles.
C. Computers, corn, wheat, lumber, and automobiles.
D. Automobiles, but not lumber.
C. Computers, corn, wheat, lumber, and automobiles.
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Refer to Table 12.1. Assuming the inflation rate forecast to be accurate, which nation would pay the highest nominal rate of return?
A) Brazil B) South Africa C) Australia D) the United States
Briefly describe the types of health care systems in Canada, Japan, and the United Kingdom
What will be an ideal response?
The marginal rate of technical substitution is measured by
A) the relative input prices. B) the slope of the isocost line. C) the slope of the isoquant. D) the ratio of the product's price to the product's cost of production.
If total profit is at a maximum, then average profit is zero.
Answer the following statement true (T) or false (F)