Because exports are less than imports,
a. net exports are positive.
b. net exports are a positive percentage of GDP.
c. net exports are a negative percentage of GDP.
d. the federal government has a budget surplus.
c. net exports are a negative percentage of GDP.
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Conducting the nation's monetary policy is the duty of the
A) Department of Commerce. B) U.S. Treasury department. C) Federal Reserve System. D) Federation of Banks. E) Federal Bank Supervisor.
Which of the following is true at each output level for a perfectly competitive firm?
a. MC = AVC = ATC b. MR = MC c. P > AVC d. AR = MR = P e. MR = AR = MC
During an inflationary period, the Federal Reserve is most likely to
a. lower the discount rate. b. buy government securities. c. lower reserve requirements. d. raise the discount rate.
Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. The marginal revenue of the 12th pound of burritos is
A. -$4. B. -$3. C. $2. D. $8.