If Germany has exports of 90 billion euros and imports of 110 billion euros, then it is running a trade deficit.
Answer the following statement true (T) or false (F)
True
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A country wishing to establish a currency basket peg usually
A) chooses a small number of trading partner's currencies for that basket. B) chooses all of its trading partner's to be members of the basket. C) chooses six trading partners for inclusion. D) chooses only the most stable reserve currencies for inclusion.
According to the graph shown, area C represents:
These are the cost and revenue curves associated with a monopolistically competitive firm.
A. producer surplus.
B. consumer surplus.
C. deadweight loss.
D. profits.
Which of the following is true?
a. Human choice is generally not influenced by changes in incentives. b. What is true for the individual must be true for the group as a whole. c. Using scarce resources to meet one need reduces our ability to meet needs in other areas. d. The economic way of thinking stresses that good intentions usually lead to sound economic policy.
Unemployment insurance:
A. will not affect the natural rate of unemployment. B. is an explanation for why wages do not reach equilibrium. C. can affect how quickly people find jobs. D. is a mandated federal policy all states must adhere to.