Between 1981 and 2012, the United States
A) had a current account surplus almost every year.
B) some years had a deficit and some years had a surplus that totaled a surplus of $2.5 trillion.
C) had a current account surplus or deficit that almost equal to $0 every year.
D) had a current account deficit almost every year.
E) some years had a deficit and some years had a surplus that netted out to $0.
D
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The increase in real GDP per hour of labor that results from an increase in capital per hour of labor ______.
A. is constant and independent of the quantity of capital B. is larger at a small quantity of capital than at a large quantity of capital C. is smaller at a small quantity of capital than at a large quantity of capital D. decreases as technology advances
Which of the following is not an example of a natural resource?
A. Piece of machinery B. Forest C. Coal deposit D. River
When the economy experiences abnormally high unemployment,
A. There is macro instability. B. The economy is producing on the production possibilities curve. C. No market failure occurs. D. There is government failure.
The airline industry is an example of an oligopoly.
Answer the following statement true (T) or false (F)