The trade between countries is recorded in accounts called the balance of
A) U.S. official trade account.
B) payments accounts.
C) export and import accounts.
D) currency accounts.
E) international trade accounts.
B
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The slowdown in the growth of real wages in the United States since 1973 is consistent with a concurrent:
A. slowdown in productivity gains. B. slowdown in the growth of the working age population. C. speedup in the rate of inflation. D. slowdown in immigration into the country.
According to the EPA, human health risk assessment includes all of the following steps EXCEPT
a. hazard identification d. risk characterization b. dose-response assessment e. analysis phase c. exposure assessment
Behavioral economists examine choices that consumers make that are not economically rational
Economists generally assume that people are rational; that is, they weigh the benefits and costs of an action and choose an action only if the benefits outweigh the costs. Why do consumers not act rationally when the result is that they make themselves worse off?
Real income per person was the same until:
A. the 1800s, when the Industrial Revolution caused it to grow. B. the 1500s, when the Renaissance caused it to grow. C. the 1900s, when wireless technology caused it to grow. D. Real income per person has been roughly the same for the last three centuries.