A balance of trade deficit exists when
A. net exports are negative.
B. net exports are positive.
C. exports equal imports.
D. exports exceed imports.
A. net exports are negative.
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Suppose a price index is formed to measure changes in the price level between 2005 to 2010. To form a Laspeyres price index, one would
a. compare the cost of the typical basket of goods purchased in 2005 with the cost of the typical basket of goods purchased in 2010. b. calculate the increase in the cost of the typical market basket purchased in 2005. c. calculate the increase in the cost of the typical market basket purchased in 2010. d. take the typical basket of goods purchased in 2007, and compare the costs of that basket in 2005 and 2010.
Which of the following would indicate the beginning of an expansionary phase in an economy?
a. A minor increase in the number of new firms b. A decline in stock market prices c. An improvement in consumer confidence d. A slowdown in housing construction e. A decrease in the number of orders for new equipment
The number of unemployed divided by the labor force equals the:
A. duration rate. B. employment rate. C. unemployment rate. D. labor-force participation rate.
Though Nash games are noncooperative, a cooperative outcome is more likely if
A. the long-run gains are smaller than the short-run gains. B. firms expect the market relationship to last only for a short time. C. the long-run gains are greater than the short-run gains. D. firms can easily monitor the outcomes from rivals' defection.