If U.S. buyers purchased $500 billion of foreign goods and foreign buyers purchased $400 billion of U.S. goods, the U.S. balance of trade would be:
a. ?$100 billion. b. $100 billion.
c. $400 billion. d. none of these.
a
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A small increase in the annual rate of economic growth can lead to a larger increase in growth over time due to the effects of
A) the money supply. B) compounding. C) regression towards the mean. D) averaging.
Karl Marx published:
a. Das Kapital. b. General Theory of Communism. c. The Wealth of Nations. d. Capitalist Manifesto.
The signaling theory of education is most similar to the
a. human capital theory of education. b. discrimination theory of advertising. c. signaling theory of advertising. d. efficiency wage theory of labor economics.
The real rate of interest measures the ________ of capital investment.
A. marginal benefit B. value of the marginal product C. relative price D. opportunity cost