Today, in the United States, imports are over
A) 17 percent of GDP.
B) 1 percent of GDP.
C) 8 percent of GDP.
D) 4 percent of GDP.
A
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According to the data on real U.S. GDP,
A. economic growth has been irregular, with some periods of downturns. B. economic growth has been consistent, but with a few downturns. C. economic growth has been extremely rapid, but also includes major collapses. D. economic growth has been slight, but downturns have also been eliminated.
All points on an indifference curve represent combinations of two goods that are equally desirable to the consumer.
Answer the following statement true (T) or false (F)
The addition to total output resulting from using one more unit of a productive resource is the
a. average product. b. marginal input. c. total product. d. marginal product.
All but which of the following people supplied labor in colonial America?
(a) Members of the free population in England and other parts of Northern Europe. (b) Native Americans (c) Slaves (d) Indentured servants