Net exports usually ________ when the U.S. economy is in a recession and ________ when the U.S. economy is expanding
A) increase; increase B) decrease; decrease C) decrease; increase D) increase; decrease
D
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Refer to Monopoly Problem. This monopoly will produce
Consider a monopoly with constant marginal costs of $20. Consumers in the market for this monopoly’s product have demand of Q = 100 - 2P. a. 20 units. b. 30 units. c. 40 units. d. 60 units.
Which of the following is not a type of "lock-in" that acts as a barrier to entry into a particular market?
A) Pricing at or below the average cost of production. B) Purchases of durable goods. C) Loyalty programs. D) Specialized suppliers.
Economists have no concern that children on welfare might be more likely to end up on welfare as adults
a. True b. False
Goods whose production is associated with positive externalities are
a. under-priced and over-provided b. under-priced and under-provided c. over-priced and under-provided d. over-priced and over-provided e. not provided by private markets