What was the net balance in 2017?
a. -$808 billion
b. -$449 billion
c. $0
d. $354 billion
c. $0
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An economy is an organization that produces goods and services and then allocates those goods and services to its members
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. All goods and services produced during the year are added to the total wealth of the nation. 2. Stocks and bonds are counted as part of total wealth. 3. To understand the purpose of a given economic policy, it is necessary to understand the influence of political and social policies. 4. Economics is an isolated science since it has no relation to other sciences.
In which of the following examples cited in the text is there the least amount of evidence of the potential for input substitution?
A) Automobile production. B) Pipe organ production. C) French fry production. D) Production of health care services.
Beginning in the mid-1970s, Congress deregulated several industries including airlines and trucking
a. True b. False Indicate whether the statement is true or false