A country's balance of trade must be balanced.
Answer the following statement true (T) or false (F)
False
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Roger owns a small health store that sells vitamins in a perfectly competitive market. If vitamins sell for $12 per bottle and the average total cost per bottle is $12.50 at the profit-maximizing output level, then in the long run
a. more firms will enter the market. b. some firms will exit from the market. c. the equilibrium price per bottle will fall. d. average total costs will fall.
On the graph above, the wage level at point ________ might represent a binding minimum wage
A) 2 B) 4 C) 6 D) 5
Under Samuel Gompers, the highly successful American Federation of Labor (AFL) restricted its membership to craftsmen, required members to pay high dues and garnered votes and campaign contributions for politicians supporting the labor movement
Indicate whether the statement is true or false
Where does the money for investment in physical capital come from? It largely comes from:
A. the savings of ordinary households. B. government subsidies. C. the reinvestment of funds from businesses. D. donation by foreign countries.