If U.S. exports are $300 billion and U.S. imports total $350 billion, which of the following is correct?
a. The U.S. has a trade surplus of $350 billion.
b. The U.S. has a trade surplus of $50 billion.
c. The U.S. has a trade deficit of $350 billion.
d. The U.S. has a trade deficit of $50 billion.
d
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At full employment there is no
A) unemployment. B) cyclical unemployment. C) avoidable unemployment. D) frictional unemployment. E) structural unemployment.
Which of the following is a reason why airline yield management is an effective method to increase revenue?
A) because airlines have successfully induced customers to reveal their resources and preferences by offering them different versions of the product such as business class and coach plane tickets B) because airlines have a monopoly in long-distance carriage C) because a ticket is a contract to transport a specific person, and is not transferable D) because airlines have invested heavily in developing computer models that identify optimal pricing strategies in the various market segments
Which of the following are not included in GDP? a. Transfer payments
b. Imports c. Intermediate goods. d. All of the above are excluded from GDP.
Which of the following are goals for monetary policy?
A. Controlling rents B. Preventing boom and bust cycles in the economy C. Controlling world oil prices D. Monitoring corruption in the securities industry