From 2007 to 2009 our current account deficit
A. has been cut in half.
B. stayed about the same.
C. almost doubled.
D. more than tripled.
A. has been cut in half.
You might also like to view...
In a small Asian country, it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $600. Based on this information, what is the slope of the per-worker production function in this range?
A) 0.06 B) 6.6 C) 66.6 D) 666
A consumer is likely to avoid adverse selection and get a high-quality lunch at
A) a snack bar at a traveling carnival. B) a vendor who parks her cart at a different location every noon. C) a restaurant in the center of a business district. D) a restaurant located next door to Disneyland.
Government-run employment agencies and public training programs are operated by the government to try to facilitate job search and reduce unemployment
a. Almost all economists agree that such programs are of no use. b. Almost all economists agree that such programs work very well. c. Some economists claim that the government can do these things no better than firms and individuals could do them for themselves. d. Some economists claim that these programs increase frictional unemployment.
Define the following terms and explain their importance to the study of economics. a. Principle of marginal productivity b. Marginal physical product c. Marginal revenue product d. Derived demand e. Economic rent
What will be an ideal response?