An increase in incomes in other countries, other things equal, would tend to cause U.S
a. exports to decrease and imports to increase.
b. exports to increase and imports to increase.
c. imports to decrease and exports to decrease.
d. imports to increase and exports would remain unchanged.
e. imports to remain unchanged and exports to increase.
E
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A real quantity is a quantity measured:
A. using real prices. B. in terms of current dollar value. C. in physical terms. D. by the average quantity.
The direct relationship between changes in price and changes in quantity supplied is
A) a change in supply. B) shown by a shift in the supply curve. C) the law of supply. D) the law of relative production.
Economic profit is defined as total revenue
a. plus total costs b. minus marginal costs c. minus variable costs d. minus total costs e. minus fixed costs
The series of events that begins with waste generation and continues through transport, storage, treatment, and disposal is known as
a. the “cradle to grave” management system b. the waste manifest system c. the waste stream d. the Superfund cleanup process