One of the principal factors behind the U.S. trade deficits of the 1990s has been
A. slow growth and recession in many important trading partners.
B. rapid growth and inflation in many important trading partners.
C. significant depreciation of the dollar.
D. rising real interest rates in the United States.
Answer: A
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A(n) ________ relates each possible outcome to its probability of occurrence
A) probability distribution B) frequency C) expected value D) coin toss
If a non-discriminating monopolist decides to lower its price to sell one more unit of its product, then
a. total revenue rises by an amount equal to the price b. some revenue is lost to the extent that units previously sold at a higher price now sell for a lower price; however, the additional unit sold brings in new revenue c. marginal revenue increases when total revenue increases d. the net effect on total revenue is typically zero since the price must fall e. the net effect on total revenue is typically negative since the price must fall
The federal government sets the poverty line at roughly
a. five times the cost of providing an adequate diet. b. four times the cost of providing an adequate diet. c. three times the cost of providing an adequate diet. d. two times the cost of providing an adequate diet.
If a country's purchases of foreign assets exceeds foreign purchases of domestic assets, that country has
a. positive net exports and positive net capital outflows. b. positive net exports and negative net capital outflows. c. negative net exports and positive net capital outflows. d. negative net exports and negative net capital outflows.