In the 1980s, 1990s, and 2000s, the United States has had a
A) small trade surplus.
B) small trade deficit.
C) large trade deficit.
D) large trade surplus.
C
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Many people assume that if child workers in developing countries weren't working in factories, they would be in school. In fact, children in developing countries
A) split their time evenly between work and school. B) usually have few good alternatives to work. C) are only allowed to work if they have attended school up to age 15. D) who work are relatively rare, as most do attend school full time.
If interest rates increase, what will happen to the demand for reserves?
a. It will shift outward. b. It will shift inward. c. Nothing, the economy will move to a new quantity demanded. d. It depends on what happens to prices.
The self-interest of the participants in an economy is guided into promoting general economic self-interest by
a. the invisible hand. b. market power. c. government intervention. d. oikonomos.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by
A. more than 30. B. exactly 60. C. fewer than 30. D. exactly 30.