Compared to our trade deficit with Japan from 2002-2009, our deficit with China was
A. much larger.
B. slightly larger.
C. slightly smaller.
D. much smaller.
A. much larger.
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Lending abroad represents:
A) a capital outflow. B) a capital inflow. C) positive net savings. D) none of the above.
Which of the following examples will most likely have consistent sales over time?
a. skillets b. automobiles c. sofas d. chicken
A recessionary gap develops _____
Fill in the blank(s) with the appropriate word(s).
A monopolistically competitive firm is producing 50 units of output in the short run where marginal cost is $3.00, average total costs are $5.00, price is $4.50, average variable cost is $4.00, and marginal revenue is $3.00. How much profit is the firm
making? What output recommendation would you make for the firm? What will be an ideal response?