United States net unilateral transfers have been
a. positive every year since 1950
b. negative every year since 1950
c. positive every year since 1950 except 1991, during the Persian Gulf War
d. negative every year since 1950 except 1991, during the Persian Gulf War
e. positive about half the time and negative about half the time since 1950
D
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What is meant by the term "marginal change"?
What will be an ideal response?
Structural unemployment results when wages are, for some reason, set above the level that brings supply and demand into equilibrium
a. True b. False Indicate whether the statement is true or false
A special kind of imperfectly competitive market that has only two firms is called
a. a two-tier competitive structure. b. an incidental monopoly. c. a doublet. d. a duopoly.
Suppose the own price elasticity of demand for good X is ?0.5, and the price of good X increases by 10 percent. We would expect the quantity demanded of good X to:
A. decrease by 5 percent. B. increase by 20 percent. C. increase by 5 percent. D. decrease by 20 percent.