The trade deficit has had the effect of:
A. Decreasing the Federal budget deficit
B. Increasing economic growth in less developed nations
C. Increasing direct foreign investment in the United States
D. Decreasing protectionist pressure among U.S. businesses
C. Increasing direct foreign investment in the United States
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A monopolist is best described as a price
a. taker. b. searcher. c. maker. d. follower.
If the actual market price were fixed at $15 per unit in Figure 3.2,
Figure 3.2 Supply and DemandÂ
A. There would be a surplus of 20 units. B. There would be a shortage of 40 units. C. There would be a shortage of 20 units. D. There would be a surplus of 40 units.
The leading center of Eurocurrency trading is
A) New York City. B) Chicago. C) London. D) Paris. E) Frankfurt.
If the market price rises from P0 to P2 in the above figure, then there is a
A) surplus equal to the distance Q0, Q2. B) surplus equal to the distance Q1, Q2. C) shortage equal to the distance Q0, Q2. D) shortage equal to the distance Q1, Q2.