The type of good with the smallest trade deficit in the U.S. based on data from 2016 is:
A. foods, feeds, and beverages.
B. capital goods.
C. industrial goods.
D. automotive goods.
A. foods, feeds, and beverages.
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________,
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Describe the three main options available to a corporation when it needs to raise money so that it can invest in a new product or a new manufacturing technique
A small business owner earns $75,000 in revenue annually. The explicit annual costs equal $40,000. The owner could work for someone else and earn $20,000 annually. The owner's accounting profit is ________ and owner's economic profit is ________
A) $10,000, $10,000 B) $35,000, $10,000 C) $35,000, $55,000 D) $10,000, $55,000
The leadership of unions must recognize that they face
A) an economic system that is hostile to the interests of workers. B) a no-win situation whenever they think a strike is necessary. C) a fundamental trade-off between higher wages for members and higher taxes for members. D) a fundamental trade-off between higher wages for members and fewer jobs for members.