Which of the following expresses the trade deficit?
a. Exports / imports.
b. Exports + imports.
c. Exports > imports.
d. Imports > exports.
e. Imports / exports.
D
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The approach used in the U.S. to measure the economy's aggregate performance is
A) the total value of securities. B) national income accounting. C) to add up the value of intermediate goods. D) to add up the total value of financial transactions, transfer payments, and secondhand goods. E) all of the above.
Exports of U.S. goods create a ________ U.S. dollars and create a ________ foreign currencies
A) demand for; demand for. B) supply of; supply of C) demand for; supply of D) supply of; demand for
Social motives include all of the following EXCEPT:
A. altruism. B. fairness. C. the desire to create a favorable impression. D. risk aversion.
A resource-extracting firm will tend to operate where
a. Marginal revenue equals marginal cost b. Average revenue equals average cost c. Marginal revenue exceeds marginal cost d. Total revenue equals total cost e. Marginal cost exceeds marginal revenue