The U.S. trade deficit has been mainly caused by:
A. unfair trade restrictions imposed by other countries on imports.
B. production of inferior goods in the U.S.
C. cheap labor in other countries.
D. a low rate of national saving.
Answer: D
You might also like to view...
One cause of low rates of marriage among black women is the decline in the pool of marriageable men
Indicate whether the statement is true or false
The economy can produce 15X and 15Y, 10X and 20Y, 5X and 25Y, or 0X and 30Y. It follows that opportunity cost of 1X is ___Y
A) 4.0 B) 5.0 C) 2.5 D) 1.0 E) none of the above
Summarize how the law of supply explains the effects of price on the quantity supplied
What will be an ideal response?
The key to the equality of output and income is:
A. transfer payments. B. employee compensation. C. profit. D. business taxes.